The elements of investment spending are ________
A) calculated only in real terms
B) equivalent to their corresponding international transactions
C) consumption, government, exports and imports
D) highly procyclical
D
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What is the internal rate of return on a new $2,000 heater that would reduce your heating costs by $200 a year forever? Under what conditions would you make the purchase?
What will be an ideal response?
A mobile phone is a
a. private good. b. club good. c. common resource. d. public good.
A customs union is a trade agreement:
a. in which member countries are free to set their separate tariffs on other countries. b. in which members agree to set similar tariffs on nonmembers. c. in which resources are free to move between member countries. d. in which member countries have common currency.
The wage-schooling locus is
A. downward sloping because education is generally productive. B. upward sloping because education is generally productive. C. horizontal because wages are unrelated to schooling. D. backward bending. E. vertical because education is a public good.