If China's government runs a budget surplus and there is no Ricardo-Barro effect, there will be ________ in the supply of loanable funds, private saving ________ and investment ________
A) an increase; decreases; increases
B) a decrease; increases; increases
C) an increase; increases; increases
D) a decrease; decrease; increases
A
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The industries or sectors of the economy in which business cycle fluctuations tend to affect output most are
A. clothing and education. B. capital goods and durable consumer goods. C. military goods and capital goods. D. services and nondurable consumer goods.
Torrie is thinking of starting up a small business selling hand-painted wine glasses. She asks her sister, Lisette, if she'd like to join her in setting up a partnership to start the business
What is one disadvantage in joining the partnership that Lisette should consider? A) Lisette should realize that, as an owner of the business, she will be personally responsible for the debts of the business. B) Lisette should realize that her profits in the partnership will always be less than Torrie's profits, since Torrie had the idea to start the business. C) Lisette should realize that Torrie will have complete control over the business because it was her idea. D) Lisette should realize that only Torrie will be allowed to own stock in the business as the founding partner.
Which of the following would not cause market demand for a normal good to decline?
a. An increase in the price of a substitute. b. An increase in the price of a complement. c. A decline in consumer income. d. Consumer expectations that the good will go on sale in the near future. e. An announcement by the Surgeon General that the product contributes to premature death.
An industry with a Herfindahl-Hirschman index of 10,000 would have no more than ______ firm(s).
A. 1 B. 2 C. 5 D. 100