Capital owners are compensated according to the value of the marginal product of that capital
a. True
b. False
Indicate whether the statement is true or false
True
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If the economy enters an expansion
A) cyclical unemployment increases. B) structural unemployment increases. C) cyclical unemployment decreases. D) structural unemployment decreases.
Which of the following goods is the most liquid?
A. Antique sword from WWI B. House C. Saving deposit D. Painting by Monet
Refer to the above figure. A price control has been set which has led to a shortage. This means that a
A. price floor has been set at P1. B. price ceiling has been set at P1. C. price floor has been set at P2. D. price ceiling has been set at P2.
Which of the following is NOT true about this national income equation:
A) For the current account, CA, to improve, we may have to invest less than otherwise would be the case. B) For the current account, CA, to improve, we may have to save less to maintain the same amount of investment that includes foreign saving. C) For the current account, CA, to improve, the government may have to run budget surplus. D) A reduction in the trade deficit with one country will simply show up as an increase in a trade deficit with another country.