If the world real interest rate were to fall below the rate at which domestic saving and investment would be equal ________
A) saving would be greater than investment so the economy would be running a trade deficit
B) investment would be greater than saving so the economy would be running a trade deficit
C) investment would be greater than saving so the economy would be running a trade surplus
D) saving would be greater than investment so the economy would be running a trade surplus
E) none of the above
B
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The National Industrial Recovery Act (1933)
(a) did not permit businesses to set prices and production quotas. (b) established three advisory boards composed of government, Webb-Pomerene firms and members of the Federal Reserve System. (c) was thrown out by the Supreme Court in May 1935. (d) prohibited collective bargaining.
Production indifference curves show the combination of inputs that produce a given output
a. True b. False Indicate whether the statement is true or false
In the long run, each firm in a competitive industry earns
a. zero accounting profits. b. zero economic profits. c. positive economic profits. d. Both a and b are correct.
Which of the following is true under monopoly?
A. P > minimum of ATC. B. Profits are always positive. C. P = MR. D. None of the answers is correct.