A nation's saving equals its ________ income less its spending on ________.
A. real; investment
B. nominal; net taxes
C. nominal; investment
D. current; current needs
Answer: D
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Corporations that offer incentive pay schemes that link pay to meeting profit, production, or sales targets are doing so to cope with the
A) scarcity problem. B) inefficiencies usually found in large firms. C) principal-agent problem. D) problems of unionization.
In Figure 2.1, a "q/t" for quantity per unit time price would go in
A. Box 1. B. Box 4. C. Box 6. D. Box 2.
The income-expenditure multiplier leads to greater than one-for-one changes in output when spending changes because:
A. multiple deposits are generated when new reserves are produced through fractional reserve banking. B. the direct changes in spending change the income of producers which leads to additional changes in spending. C. real output continues to adjust until it equals nominal output. D. change the income of producers leads to additional tax revenue for the government, which will changes their level of spending.
Indifference curves for perfect substitutes must be parallel lines with a slope of negative one
Indicate whether the statement is true or false