If a country has Y > C + I + G, then it has
a. positive net capital outflow and positive net exports.
b. positive net capital outflow and negative net exports.
c. negative net capital outflow and positive net exports.
d. negative net capital outflow and negative net exports.
a
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Suppose electricity (E) can be produced with coal (C) or gas (G) to operate steam turbines (T). Suppose gas is more efficiently burned than coal but that they are otherwise perfect substitutes. E = min((G + .5C), T). The isoquants between gas and coal will be
a. hyperbolas b. quarter circles c. straight lines
6%-8% economic growth rate is 2% what is nominal rate
What will be an ideal response?
If the Consumer Price Index was 166.6 in one year and 172.2 in the next year, then the rate of inflation from one year to the next was:
a. 5.4% b. 4.1% c. 3.4% d. 6.0%
The creation of markets that were previously "missing":
A. can create winners and losers. B. increases total surplus. C. benefits those who interact in the new markets. D. All of these are true.