In making accurate comparisons of GDP across countries, it is important to take differences in ________ into account.
A. population size
B. the average age of the population
C. family size
D. All of these
Answer: A
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Distinguish between comparative advantage and absolute advantage
What will be an ideal response?
A bank's net interest margin can be adversely affected by all of the following except
A) credit risk. B) interest rate risk. C) leverage risk. D) stock market risk.
Keynesian analysis implies that potential output and price stability can be achieved if
a. the federal budget is balanced annually. b. marginal tax rates are kept low so the incentive to produce will be strong. c. aggregate demand is equal to the economy's full-employment rate of output. d. current saving exceeds the level of investment.
The shape of the marginal cost curve tells a producer something about the marginal product of her workers
a. True b. False Indicate whether the statement is true or false