In a simple economy without government or the foreign sector, saving must equal investment because output is divided into consumption and investment, and income is either consumed or saved
Indicate whether the statement is true or false
TRUE
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A prediction of the Ricardo-Barro effect is
A) a larger decrease in the real interest rate when the government runs a budget surplus. B) no effect on the real interest rate when the government runs a budget deficit. C) a larger decrease in investment when the government runs a budget deficit. D) a larger increase in the real interest rate when the government runs a budget deficit. E) a larger decrease in investment when the government runs a budget surplus.
What are the four main sources of comparative advantage? Briefly explain each source and provide examples
What will be an ideal response?
In the United States in 2016, the percentage of people with some form of health insurance was about
A) 10%. B) 36%. C) 55%. D) 91%.
Refer to the information provided in Figure 6.1 below to answer the question(s) that follow.
Figure 6.1Refer to Figure 6.1. Tom's budget constraint is AC. His choice set includes all points
A. along the vertical and horizontal axes. B. to the right of budget constraint AC. C. bounded by the area OAC. D. along budget constraint AC.