The command system relies on prices set by firms on the basis of consumer demands
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to the figure above. If Lithasia does not engage in international trade, what is the domestic production of pens?
A) 0 units B) 6 units C) 12 units D) 16 units
Mr. Scrooge owns assets worth $100 million. The rate of return on his assets is 5 percent per year. Mr. Scrooge's wealth is ________, and his income is ________
A) $5 million a year; $100 million B) $100 million; $5 million a year C) $100 million; $105 million D) $5 million a year; $100 million a year
You would be more willing to buy AT&T bonds (holding everything else constant) if
A) the brokerage commissions on bond sales become cheaper. B) interest rates are expected to rise. C) your wealth has decreased. D) you expect diamonds to appreciate in value.
The purchase by a foreign government of an airplane produced in the United States is included in U.S
A) consumption expenditures. B) investment expenditures. C) government purchases. D) net exports.