What condition must be met in order for total spending to equal total output?
a. The sum of saving and government purchases must equal the sum of planned investment and net taxes.
b. The sum of saving and net taxes must equal the sum of planned investment and government purchases.
c. The sum of saving and planned investment must equal the sum of government purchases and net taxes.
d. Saving must equal net taxes.
e. The sum of saving and net taxes must equal planned investment minus government purchases.
B
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Refer to the scenario above. If Lawland's net factor payments from abroad equals zero and net transfer payments from abroad is negative, ________
A) Lawland is likely to experience a net outflow of assets B) Lawland is likely to experience a current account surplus C) Lawland is likely to experience a current account deficit D) Lawland is likely to stop trading with its trading partners A country imported goods and services worth $40 billion and exported goods and services worth $37.8 billion during a particular year.
In which of the following have pension funds invested the most?
A) corporate equities and mutual fund shares B) government securities C) corporate bonds D) mortgages
A system of allocating scarce goods and services using some criteria other than price:
a. rationing b. price floor c. excess demand d. surplus e. equilibrium
Experience rating systems for pricing insurance are based on past medical bills of a firm's employees.
Answer the following statement true (T) or false (F)