Answer the following statements true (T) or false (F)
1. National income is equal to wages, rents, interest and profits
2. A complete circular flow of the economy includes both the government sector and the financia
markets.
3. Net exports of goods and services is equal to imports minus exports.
4. If personal income is equal to $3,000 and consumers spend $3,600, the level of savings in the
economy would $600.
5. The slope of the investment function for the economy is called the marginal interest sensitivity of investment.
1. TRUE
2. TRUE
3. FALSE
4. FALSE
5. TRUE
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a. Seebeck’s b. Faraday’s c. Ohm’s d. Lenz’s
If you wanted to quickly increase the pH of a soil to 7.5 to combat a disease in cabbages you are about to plant you should use hydrated lime rather than ground limestone
Indicate whether the statement is true or false
Technician A says that an advantage of EBS is that electronic signals travel through a circuit at close to the speed of light. Technician B says that EBS response times are much faster than systems relying on pneumatics in the control portion of a brake circuit. Who is correct?
A. Technician A only B. Technician B only C. Both A and B D. Neither A nor B
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a: a. Detail view b. Vicinity map c. Profile d. Plan view