Microeconomics is the branch of economics in which you study inflation and unemployment in the economy
a. True
b. False
Indicate whether the statement is true or false
False
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Consider the two graphs above. Suppose that final goods are assembled only when ordered and to satisfy the precise preferences of each consumer. This would ________ the desired level of inventories, as depicted in graph ________
A) increase; B B) increase; A C) decrease; B D) decrease; A
Assume Joe invests a total of $10,000 in a company—$5,000 of which is his own money and $5,000 of which he borrowed at a 10 percent interest rate. If the company’s stock value increases by 20 percent in one year at which time Joe sells his shares of the stock, what is Joe’s rate of return on his investment?
A. 10 percent B. 15 percent C. 20 percent D. 30 percent
Which of the following is a shortcoming of GDP?
a. GDP excludes changes in inventories. b. GDP includes an estimate of illegal transactions. c. GDP excludes nonmarket transactions. d. GDP excludes business investment spending.
A country may gain a temporary comparative advantage if it:
A. remains a political ally to all. B. remains self-sufficient until it stockpiles enough inventory to supply the world. C. is the first to discover and implement a new technology or production process. D. All of these are true.