To state that national saving is equal to investment, for a closed economy, is to state an accounting identity
a. True
b. False
Indicate whether the statement is true or false
True
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If the price elasticity of demand is 1, demand is:
A. upward sloping. B. inelastic. C. unit elastic. D. elastic.
Which of the following institutions does not provide checkable-deposit services to the general public?
A. Commercial banks B. Savings and loan associations C. U.S. Treasury D. Credit unions
Refer to the scenario above. In the dominant strategy equilibrium, the payoff to Firm B is ________
A) $1.2 million B) $3.0 million C) $2.5 million D) $2 million
Consider gardening books. What will happen to the market for these books as gardening becomes more popular and simultaneously printing costs increase?
A) The price of gardening books definitely increases. B) The quantity of gardening books definitely increases. C) The price of gardening books might increase or decrease. D) The quantity of gardening books definitely stays the same.