Which of the following statements is TRUE?
A) If private saving is greater than private investment, then the private sector has a surplus.
B) If private investment is greater than private saving, then the private sector has a deficit.
C) If private investment is greater than private saving, then either the government or net export sector must have a surplus.
D) All of the above answers are correct.
D
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Diseconomies of scale exist for all of the following reasons except
a. bureaucratic inefficiencies b. management problems c. failures in information flows d. firm size is too small e. organizational problems
For more than 20 years, the Fed has used the federal funds rate as its monetary policy target. It has not targeted money supply at the same time because the
A. Fed does not have the authority to control both targets B. Fed cannot target both at the same time: it has to choose between targeting an interest rate and targeting the money supply C. Fed can target both at the same time, but it has chosen to target the interest rate as it is more reliable as a target
Refer to the information provided in Table 22.5 below to answer the question(s) that follow.
Table 22.5
Refer to Table 22.5. If 2014 is the base year, the inflation rate between 2014 and 2015 is
A. 3.9%. B. 6.1%. C. 7.4%. D. 10.2%.
From 1990 to 2013, mortality under age 5 has ________ and the literacy rate has ________ in China.
A. decreased; decreased B. increased; increased C. increased; decreased D. decreased; increased