If Bolivia can produce 6 calculators or 3 televisions in a day, and Argentina can produce 4 calculators or 12 televisions in a day, then Bolivia would be willing to trade 1 calculator for 1 television with Argentina
a. True
b. False
Indicate whether the statement is true or false
True
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When negative externalities exist, a voluntary agreement can be negotiated. Which of the following statements is TRUE?
A) Voluntary agreements usually do not work since the owner has no incentive to negotiate. B) Transactions costs must be low relative to the expected benefits of reaching an agreement. C) Voluntary agreements are difficult to negotiate because they usually involve government intervention. D) Voluntary agreements always leave the owner worse off.
To increase domestic investment, a country must increase its saving
a. True b. False Indicate whether the statement is true or false
For a firm in a perfectly competitive industry, the demand curve for its own product is
A. upward sloping. B. downward sloping. C. horizontal. D. vertical.
An increase in government expenditures ________ "national saving" and thus tends to ________ private investment
A) increases, increase B) increases, decrease C) decreases, increase D) decreases, decrease