Net exports must equal zero for any economy
a. that is closed.
b. for which Y = C + I + G.
c. for which S = Y - C - G.
d. All of the above are correct.
d
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Renewable resources are those for which
a. additional units can be purchased in the market b. additional units can be purchased in the market or provided by government c. worn-out units can be repaired for further use d. periodic use can be continued indefinitely e. additional sources are constantly being discovered
According to Kantian theory on ethics:
A. an act is ethical if and only if it promotes the individual's long-term interests. B. good deeds often result in bad outcomes. C. an act is ethical if it produces the greatest possible balance of good over bad for everyone affected by it. D. only good deeds matter.
If wages drop below the market equilibrium level in a competitive labor market:
A. firms will demand more labor than workers are willing to supply. B. firms will have to offer higher wages to attract the workers they need. C. there won't be enough workers willing to work at that wage. D. All of these statements are true.
The consumption function shows the relationship between consumption and:
a. interest rates. b. saving. c. price level changes. d. disposable income.