Which of the following is not included in Nation A's financial account?
a. Foreign deposits of funds in savings accounts in Nation A.
b. Purchases and sales of land and other natural resources.
c. Foreign purchases of Nation A's Treasury bills.
d. All the above.
.B
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Suppose the marginal cost of producing a good falls so that the marginal social cost curve shifts downward. Then the efficient quantity to produce of that product
A) increases. B) does not change. C) decreases. D) could increase, stay the same, or decrease.
Indians and Indian-Americans have played a pivotal role in powering Silicon Valley's digital revolution. The emigration of talented people from countries like India to countries like the United States is often called:
A. credentialism. B. the brain drain. C. Malthusianism. D. outsourcing.
Most modern economic analysis is normative in nature, but involves questions with positive aspects.
Answer the following statement true (T) or false (F)
Karl Marx and Friedrich Engels believed that after the capitalists were overthrown, eventually
A. the state would get stronger. B. the state would wither away. C. the capitalists would regain power. D. a fascist state would emerge.