If unplanned business investment is $20 million and planned investment is $20 million, then actual investment is
A. -$20 million.
B. $20 million.
C. $40 million.
D. $200 million.
Answer: C
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A positive relationship exists between two variables if
A) one variable has "positively" no effect on the other variable. B) a reduction in one variable is associated with an increase in the other variable. C) a reduction in one variable is associated with a decrease in the other variable. D) both variables are inflation-distorted.
Large gains from trade are most likely when countries are very different.
Answer the following statement true (T) or false (F)
The general view of economists is that a pure monopoly will not be technologically progressive.
Answer the following statement true (T) or false (F)
Angie is debating whether to take a job as a professional therapist or a florist. She will earn $40,000 a year as a therapist or $25,000 a year as a florist. If she chooses to be a therapist, the economic rent is
A) $40,000. B) $25,000. C) $15,000. D) unable to determine.