Public saving equals:
a. TR - G - T
b. Y - C - T + TR
c. Y + C + T + TR
d. T - G - TR
d
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If the actual rate of inflation exceeds the expected rate of inflation, the actual real wage is greater than the expected real wage and unemployment falls
Indicate whether the statement is true or false
Which statement is false?
A. Throughout the 1980s, the Soviet Union devoted most of its capital and talent to its military establishment rather than to market reform. B. In the late 1970s, China began reforms, which eventually transformed it to a more market-oriented economy. C. Russia has been more successful than China in becoming a market-oriented economy. D. None of these statements are false.
Karl Marx published:
A. Das Kapital. B. General Theory of Communism. C. The Wealth of Nations. D. Capitalist Manifesto.
Economic analysis on empowerment has shown that most firms have
A. used benchmarking to arrive at erroneous conclusions. B. failed to delegate decision-making rights to lower-level employees. C. failed to use corporate culture to enhance communication and build employee expectations. D. increased profits by delegating decision-making rights to lower-level employees.