For countries such as the United States and the United Kingdom, it is important to have trade surpluses in order to service their external debts
Indicate whether the statement is true or false
FALSE
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Explain the relationship between real GDP and aggregate planned expenditure, AE. What change to inventories takes place when the two are not equal?
What will be an ideal response?
Hewlett-Packard will not raise the prices of its personal computers without first considering how Dell might respond. This is evidence of
A) collusion. B) cutthroat competition. C) price fixing. D) interdependence.
Profit is the payment received by resource owners for the use of their capital
a. True b. False
With special-interest legislation,
a. benefits are concentrated but costs are widespread b. both benefits and costs are concentrated c. benefits are widespread but costs are concentrated d. both benefits and costs are widespread e. there is no predictable relationship between costs and benefits