Which of the following statements is FALSE?
What will be an ideal response?
Consumption expenditure + saving = disposable income.
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Who are the major participants in the foreign exchange market?
What will be an ideal response?
If the savings rate of Country A increases from 10% to 20% and technology growth is zero, then the neoclassical model predicts that in the steady state
a. the capital-to-labor ratio will not grow in the long-run but higher than it is now. b. the capital-to-labor ratio will grow 10% faster. c. the growth rate of output will be permanently higher. d. the level of output will be permanently higher. e. a and d.
Refer to the below data. If columns 1 and 3 are this firm's demand schedule, the profit-maximizing level of output will be:
Answer the question on the basis of the following demand and cost data for a specific firm.
A. 3 units
B. 4 units
C. 5 units
D. 6 units
States often will use Medicaid funds to pay Medicare premiums for their poor elderly.
Answer the following statement true (T) or false (F)