A competitive producer is
A. both a "price maker" and a "price taker."
B. neither a "price maker" nor a "price taker."
C. a "price maker."
D. a "price taker."
Answer: D
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In 2012, consumers in Dexter consumed only books and pens. The prices and quantities for 2012 and 2013 are listed in the table above. The reference base period for Dexter's CPI is 2012. What is the cost of the CPI basket in 2013?
A) $430 B) $335 C) $320 D) $540
A country has national saving of $50 billion, government expenditures of $30 billion, domestic investment of $10 billion, and net capital outflow of $40 billion. What is its supply of loanable funds?
a. $20 billion b. $30 billion c. $50 billion d. $60 billion
Which of the following statements about the financial and real sectors is true?
A. For every real asset there is a financial asset. B. For every financial asset there is a real asset. C. For every real transaction there is a financial transaction. D. For every financial transaction there is a real transaction.
Assuming no change in the effective tax rate on capital, a decrease in the government budget deficit will reduce the current account deficit if and only if the decrease in the budget deficit
A. reduces desired national saving. B. increases desired national investment. C. increases desired national saving. D. reduces desired national investment.