A $1 standard of 1985 is worth about $2.50 in today's dollars
Indicate whether the statement is true or false
F
You might also like to view...
Rather than go out to eat by yourself, you decide to stay at home and fix dinner for yourself and your two roommates. Your roommates applaud your decision
Your roommates tell you that your decision to eat at home has no opportunity cost because you already have all the dinner ingredients in your pantry. Is this comment correct?
What condition may provide for a relatively small degree of inefficiency under monopolistic competition?
A) There is a single seller and no product differentiation. B) The marginal cost of production is less than the market price. C) The demand curve is relatively elastic so that the price is near the long-run minimum average cost. D) There is only one buyer in the market.
The measured capital stock in developed countries
a) overestimates real capital growth because capital prices have risen dramatically in recent years b) underestimates real capital growth because machines have become more powerful and less expensive c) overestimates real capital growth because the manpower needed to operate new machines in greater than in previous years d) underestimates real capital growth because it does not include financial investments e) overestimates real capital growth because it includes government consumption expenditures
Which of the following transactions will decrease the U.S. current account deficit?
A. A U.S. corporation builds a new factory in Seoul, South Korea. B. Dutch tourists visiting Los Angeles. C. U.S. department stores buy shoes from Italy. D. American firms invest in Tokyo real estate.