Every firm is constrained by the demand curve for the product it produces
a. True
b. False
A
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From the point of view of a particular country, capital outflows are:
A. purchases of domestic assets by foreigners. B. purchases of foreign goods or services by domestic households or firms. C. purchases of domestic goods or services by foreigners. D. purchases of foreign assets by domestic households or firms.
The group of countries more likely to have a high number of telephone lines per 1,000 people is
a. high-income countries b. zero-income countries c. infinite-income countries d. low-income countries e. middle-income countries
Negative income taxes have been a feature of our tax system since President Lyndon Johnson's "war on poverty" in the 1960s
Indicate whether the statement is true or false
If a government has a budget surplus, then public saving
a. is positive and increases national saving. b. is positive but decreases national saving. c. is negative and decreases national saving. d. is negative but increases national saving.