If a the government of Country Z is running a budget deficit and net exports are zero, then
A) investment is greater than saving.
B) investment and saving are equal.
C) saving is greater than investment.
D) none of the above.
C
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In drilling a new oil well in an existing oil field, the fact that output on existing wells is reduced means that
a. existing wells have negatively sloped marginal cost curves. b. existing wells and new wells are owned by different people. c. existing wells and new wells are owned by the same people. d. there is a discrepancy between private and social marginal costs.
In most countries today, many goods and services consumed are imported from abroad, and many goods and services produced are exported to foreign customers
a. True b. False Indicate whether the statement is true or false
Inflation caused by a rise in per unit production costs is referred to as:
a. Unanticipated inflation b. Demand-pull inflation c. Hyperinflation d. Cost-push inflation
The difference between M1 and M2 is given by which of the following?
A. M1 includes currency, coins, gold and silver, whereas M2 does not contain gold and silver. B. M1 is made up of currency and money in checkable accounts, whereas M2 contains M1 plus savings deposits and time deposits. C. M1 is limited to currency, whereas M2 contains M1 plus money in checkable accounts. D. M1 includes currency, whereas M2 contains M1 plus money in checking accounts.