In the absence of external shocks or government policy, an economy would
A. Still experience business cycle fluctuations because of internal market forces.
B. Not be able to expand production and output.
C. Not experience business cycle fluctuations.
D. None of the choices are correct.
Answer: A
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During the year, suppose a country's total purchases of newly produced capital goods is $2,000 billion, issues $1,600 billion of stock certificates, and has $500 billion in depreciation. Gross investment in this country equals
A) $2,500 billion. B) $2,000 billion. C) $2,100 billion. D) $4,100 billion. E) $3,600 billion.
Refer to the above table. At a price of $450, there is an
A. excess quantity demanded of 9,000 tablets. B. excess quantity demanded of 6,000 tablets. C. equilibrium. D. excess quantity supplied of 4,000 tablets.
The North American Free Trade Agreement signed in 1993 lowered tariffs among the United States, Canada, and Mexico. What would proponents of the treaty consider to be the likely benefits?
What will be an ideal response?
The American Federation of State, County, Government and Municipal Employees is an example of a(n)
A) guild. B) craft union. C) industrial union. D) public-sector union.