Lending abroad represents:
A) a capital outflow.
B) a capital inflow.
C) positive net savings.
D) none of the above.
A
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Economic models
A) are used to explain how people think. B) are used to explain how people behave. C) are essential representations of the real world. D) are never used for making economic projections or predictions.
The initial bond purchaser
A. Lends funds directly to the bond issuer. B. Earns par value on the bond. C. Borrows funds directly from the bond issuer. D. Shares in the company's profits.
Which statement is false?
A. Short-run cost assumes a fixed capital size, while long-run cost includes all possible capital levels in determining cost. B. Short-run total cost can never be less than long-run total cost at any given output level. C. Short run ATC and long run ATC are never equal except at the minimum point on the long run ATC curve. D. Long-run marginal cost never intersects long-run average cost as long as increasing returns to scale are present.
The GDP price index one year was 200, and the next year it was 215. What was the percentage change in the price level (inflation) from one year based on that index?
a. 7.5% b. 10% c. 15% d. 2%