The current account balance of the United States began to deteriorate in
A) the late 1960s.
B) the early 1970s.
C) the early 1980s.
D) the late 1980s.
E) the early 1990s.
C
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A risk-neutral individual will make investment decisions purely based on net present value because
A) she doesn't care about utility. B) utility is a linear function of wealth. C) she loves to take risk. D) net present value is always more than expected utility.
When you think about investments in capital goods, the one category that is most important and, at least in the long run, yields the highest returns is investment in
a. infrastructure b. raw material extraction c. factories d. education and health e. machinery
The short run is the time period
A. In which only the amount of capital may be altered. B. Over which an investment decision can be made. C. In which some costs are fixed. D. Necessary so that profits can be earned from production.
A closed shop is one in which
A. some members belong to the union while others do not. B. a union is prohibited. C. the union is a co-manager of the day-to-day operations of the firm. D. belonging to a union is a condition of employment.