Sectors where the development process leads to a more rapid expansion of demand than supply in goods or factor markets are known as
(a) the crisis in planning.
(b) input-output analysis.
(c) bottlenecks.
(d) infant industries.
C
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Which of the following is a reason why we should consider the federal national debt a problem?
A) If the debt was incurred to finance research and development, crowding out will occur. B) If the debt drives up interest rates, crowding out will occur. C) The federal government is in danger of defaulting on its debt. D) If the debt was incurred to finance improvements in infrastructure, crowding out will occur.
Assume that excess reserves are $35 million, demand deposits are $500 million, and total reserves are $135 million. The required reserve ratio is
A) .07. B) .2. C) .25. D) .27.
In 1978, China was the world's 15th-largest economy. By 2011, China had:
A. the second-largest economy in the world. B. a larger economy than Japan but smaller than Germany. C. an economy worth about $11 trillion. D. the fourth-largest economy in the northern hemisphere
Bennie's Top Factory produces 1,000 tops per day for a total daily revenue of $2,000 . Bennie's total costs would rise by $2 if it produced the 1,001st top. Because marginal revenue and price are equal and constant,
a. profit would rise by $2 if Bennie produced one additional top b. profit would fall by $2 if Bennie produced one additional top c. profit would not change if Bennie produced one additional top d. profit will fall by some unknown amount if Bennie produced one additional top e. the total cost curve must have shifted to the left