What makes production-planning a daunting task for central planners?
Because the output required from any one industry depends on outputs from many other industries, planners can be sure that the production of the various outputs will be sufficient to meet both consumer and industrial demands only by taking explicit account of this interdependence among industries. If they change the output target for one industry, they must also adjust every other industry's output target. But those changes in turn are likely to require readjustment of the first target change that started it all, leading to still more target change requirements, and so on, indefinitely.
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If Veronica withdraws $1,500 from her checking account and holds it as currency, then M1 will ________ and M2 will ________
A) increase; decrease B) increase; not change C) not change; decrease D) not change; not change
What is the relationship between the balance of trade and the current account balance?
What will be an ideal response?
From 1991-2000 . U.S. net capital outflow as a percent of GDP became a
a. larger positive number. b. smaller positive number. c. larger negative number. d. smaller negative number.
The largest U.S. government training program is
A. the armed forces. B. R&D. C. public education. D. the FBI.