The economy characterized by the data is:
A. experiencing inflation because disposable income exceeds personal income.
B. experiencing declining production capacity because net investment is negative.
C. in a depression because personal income exceeds disposable income.
D. experiencing expanding production capacity because net private domestic investment is
positive.
B. experiencing declining production capacity because net investment is negative.
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Suppose good X is on the horizontal axis, good Y is on the vertical axis, and the slope of an individual's budget line is -2. Which of the following is true??
a. Good Y is twice as expensive as good X b. ?The consumer gives up two units of good Y for each unit of good X she purchases. c. ?The opportunity cost of good X is one half of a unit of good Y. d. ?All of the above are correct.
Compared with price searchers' markets, price takers' markets are likely to result in
A) less advertising. B) less competition. C) lower output. D) more profit.
In order for an individual to receive a black belt in karate, they must pass a series of tests designed by a third party. An announcement listing those individuals who received their black belt in karate is an example of ________.
A) a trademark B) screening C) moral hazard D) a certification
Which of the following portions of the national debt impose a net interest burden on the federal government?
a. treasury bonds held by government agencies b. treasury bonds held by private investors c. treasury bonds held by the Federal Reserve system d. treasury bonds held in the Social Security Trust Fund