Investment is a flow of resources into the production of new capital

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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A large government encounters a production possibilities frontier essentially the same as one faced by a business firm.

Answer the following statement true (T) or false (F)

Economics

Other things held constant, when the general price level changes:

a. we move along the aggregate demand curve. b. we shift the aggregate demand curve to the right. c. we shift the aggregate demand curve to the left. d. we shift the aggregate supply curve to the right. e. we shift the aggregate demand curve to the left.

Economics

What are the two largest categories of federal tax receipts?

Economics

Consider the following game. You pick a card from a 52-card deck and each time you select a queen, you get $520. For all other cards pay $26. The expected value of the game is

A. -$24. B. $0. C. $16. D. $64.

Economics