By the eve of World War I, the United States accounted for more than ___ of the world's industrial production. a.15% b.30% c.60% d.90%
b. 30%
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Suppose IBM purchases a factory in Japan. This purchase is entered into which of the balance of payments accounts?
A) capital and financial account B) official settlements account C) trade account D) purchases account E) current account
Using a figure show that under full employment, a temporary fiscal expansion would increase output (over-employment) but cannot increase output in the long run
What will be an ideal response?
All of the following are non-price determinants of demand except
A) tastes and preferences. B) income. C) technology. D) future expectations.
When a good is both rivalrous and nonexcludable the:
A. free rider problem may arise. B. tragedy of the commons may arise. C. good is likely a private good. D. good is likely an artificially scarce good.