According to Keynes, the least variable component of aggregate expenditures is
a. consumption.
b. inventories.
c. total investment.
d. imports
A
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The health care system in Canada is referred to as ________, and is a system in which the provincial governments provide national health insurance to all Canadian citizens
A) a single-payer system B) a universal health insurance system C) socialized medicine D) a private health care system
To keep employees from shirking, invest in greater monitoring
a. when monitoring is expensive relative to its benefits b. especially when monitoring is efficient c. when employees respond well to incentive contracts d. when incentives solve both moral hazard and adverse selection problems with employees
The difference between positive economic statements and normative economic statements is that
a. both c and e are true b. positive statements are based on opinion while normative statements are based on fact c. positive statements are true and normative statements are often false d. positive statements are often false and normative statements are true e. positive statements are based on fact while normative statements are based on opinion
The real interest rate can be negative
a. True b. False Indicate whether the statement is true or false