According to Figure 9.1, saving equals zero at an income level of
A. $2,000 billion.
B. $0.
C. $1,000 billion.
D. $500 billion.
Answer: A
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The main item in the current account balance is
A) net interest income. B) net transfers. C) net exports. D) net taxes.
The relationship between quantity supplied and price is usually
A) an inverse relationship. B) a direct relationship. C) a negative relationship. D) impossible to determine.
Minimum-wage laws benefit society by creating a surplus of labor
a. True b. False Indicate whether the statement is true or false
If goods A and B are complements, and if the price of good B rises, how will this affect the market equilibrium for good A?
a. Price and quantity will both fall. b. Price will rise and quantity will fall. c. Price and quantity will both rise. d. Price will fall and quantity will rise.