You may incorrectly conclude that an idea no other person has implemented is highly profitable because:
A. you misjudged people's wants and constraints.
B. you miscalculated the trade-offs people face.
C. you misunderstood how people would respond to incentives.
D. All of these.
D. All of these.
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Macroeconomic statistics include GDP, the inflation rate, the unemployment rate, retail sales, and the trade deficit
a. True b. False Indicate whether the statement is true or false
Which of the following would count as an asset in computing national wealth by using National Net Worth?
A) Wages/salaries B) Rents on property C) Bank Accounts D) Public Lands
When the FOMC raises the federal funds rate, almost immediately ________ and a few weeks later the ________
A) short-term interest rates rise; quantity of money and supply of loanable funds decrease B) long-term interest rates rise; quantity of money and supply of loanable funds decrease C) short-term interest rates fall; quantity of money and supply of loanable funds decrease D) long-term interest rates rise; quantity of money and supply of loanable funds increase E) short-term interest rates fall; quantity of money and supply of loanable funds increase
A surplus occurs when the actual selling price is above the market equilibrium price
Indicate whether the statement is true or false