If the personal savings rate rose to 10%
A. our current account deficit would probably fall.
B. our current account deficit would probably rise.
C. our current account deficit would be unaffected.
A. our current account deficit would probably fall.
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Since income distribution and poverty are intrinsically related, they cannot be approached separately
Indicate whether the statement is true or false
A firm in a perfectly competitive market
a. can raise the price to sell more but by selling more will end up earning less economic profit than it had earned before the price increase b. can cut the price to sell more but by selling more will end up earning less economic profit than it had earned before the price cut c. can increase its supply to lower the price and thereby raise its economic profit d. can decrease its supply to raise the price and thereby raise its economic profit e. is a price taker, that is, accepts the market price for its good as given
Refer to the table shown.BotswanaZimbabweGoldNickelGoldNickel030009060200186012010036301800540Botswana's opportunity cost of producing nickel (in terms of gold) is:
A. 60. B. 3/5. C. 5/3. D. 100.
As one of the New Deal programs, the WPA was a government agency that
A. increased employment through construction projects. B. regulated the banking industry. C. regulated the securities industry. D. regulated the trucking and interstate commerce industries.