North Korea has a command economy.
a. true
b. false
Ans: a. true
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Suppose a new cost-saving device will forever generate $1,000 net savings per year to a firm. The device costs $10,000. Using the Internal Rate of Return approach, the firm will make the investment
A) definitely. B) definitely not. C) if the interest rate exceeds 10%. D) if the interest rate is less than 10%.
When total utility is falling, marginal utility is
a. increasing b. decreasing c. positive d. negative e. 0
In the market for loanable funds, the demand curve:
A. represents savers. B. is downward sloping. C. reflects that more people will choose to save the higher is the interest rate. D. is upward sloping.
If as a result of NAFTA the demand for American exports rises, it would tend to increase the exchange value of the U.S. dollar as a result
a. True b. False Indicate whether the statement is true or false