If savings exceeds investment at full employment, demand will fall short of total output
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following institutions has the responsibility for producing the coins that are distributed in the United States?
A) the U.S. Treasury Department B) the U.S. Mint C) the Office of the Comptroller of the Currency D) the Federal Reserve System
If Blake can pick more cherries in one hour than Cody, then Blake has a comparative advantage in cherry picking
Indicate whether the statement is true or false
Mergers often increase profit by
A) producing economies of scale. B) producing economies of scope. C) increasing efficiency of the firm. D) All of the above.
If the elasticity of demand is much greater than the elasticity of supply, a subsidy awarded to demanders will
a. benefit the demanders more than the suppliers b. benefit the suppliers more than the demanders c. the benefit of the subsidy will be equally shared between the demanders and the suppliers d. allow the demanders to be the only ones who will benefit e. Without more information as to the amount of the subsidy, who will benefit more can not be determined