Refer to the information above. If the level of production in the economy equals 3000, the amount of saving equals ________ and the level of unintended inventory investment equals ________
A) 200; 200
B) 200; -200
C) 1200; 600
D) 1200; -600
C
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Answer the next question based on the data provided in the tables below regarding the production possibilities for rice and corn for two hypothetical nations, Wat and Xat. Wat's Production Possibilities ABCDEFRice7506004503001500Corn050100150200250Xat's Production Possibilities ABCDEFRice2,5002,0001,5001,0005000Corn0100200300400500The mutually beneficial terms of trade will be
A. between 3 and 5 units of rice for 1 unit of corn. B. greater than 6 units of rice for 1 unit of corn. C. between 3 and 5 units of corn for 1 unit of rice. D. less than 2 units of rice for 1 unit of corn.
Property and casualty insurance companies are organized
A) both as stock and mutual companies. B) only as stock companies. C) only as mutual companies. D) primarily as cooperatives.
In Figure 13-2 above, suppose that the Fed maintains a constant interest rate, commodity prices are fixed, and that commodity demand is unstable ranging from IS0 to IS1. Equilibrium real output would then range from
A) A0 to A1. B) B0 to B1. C) C0 to C1. D) Insufficient information.
Which of the following is the most accurate statement?
a. Trade policy has neither microeconomic nor macroeconomic effects. b. Trade policy has similar microeconomic and macroeconomic effects. c. The effects of trade policy are more macroeconomic than microeconomic. d. The effects of trade policy are more microeconomic than macroeconomic.