Injections represent outflows of planned expenditures from the real GDP stream
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Refer to Scenario 1-1. Using marginal analysis terminology, what is another economic term for the incremental cost of producing the last 400 t-shirts?
A) operating cost B) marginal cost C) explicit cost D) Any of the above terms are correct.
Refer to Table 2-20. If the two countries specialize and trade, who should export rice?
A) They should both be exporting rice. B) Thailand C) Japan D) There is no basis for trade between the two countries.
If labor supply is increasing in the real wage, then
A) the substitution effect is larger than the income effect. B) the income effect is larger than the substitution effect. C) the production function is increasing in labor. D) the marginal product of labor is decreasing.
You are the manager of a firm that sells its product in a competitive market at a price of $50. Your firm's cost function is C = 40 + 5Q2. The profit-maximizing output for your firm is:
A. 45. B. 10. C. 4/5. D. 5.