Assume that in Scandia, planned investment is $80 billion but actual investment is $60 billion. Unplanned inventory investment is
A. -$20 billion.
B. -$10 billion.
C. $70 billion.
D. $140 billion.
Answer: A
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If the supply curve for land was a vertical line, then any payment made for land would be considered
A) as economic rent. B) as economic lease. C) as economic interest. D) as an opportunity lease payment.
The reserve requirement ensures that the central bank of a country focuses only on keeping the inflation rate at a low level
a. True b. False Indicate whether the statement is true or false
Which of the following two statements is true of the graph shown below?Statement 1: The graph leads to a supply of labor curve that is positively sloped throughout.Statement 2: The opportunity cost of leisure is lower at point A than at point D. 
A. Statement 1 B. Statement 2 C. Both statements are true D. None of the statements is true
When the price of tortilla chips rose by 10 percent, the quantity of tortilla chips sold fell 4 percent. This indicates that the demand for tortilla chips is
A) inelastic. B) elastic. C) unit elastic. D) perfectly inelastic.