Which of the following will be included in the income-based method of national accounting?
A) A firm's expenditure on raw materials B) A student's expenditure on education
C) A consumer's expenditure on a imported car D) A worker's retirement benefits
D
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All economic questions are about
A) how to make money. B) what to produce. C) how to cope with scarcity. D) how to satisfy all our wants.
The Clayton Act prohibits all horizontal mergers, regardless of their economic consequences
a. True b. False
Rice consumption per capita in China is falling while income per capita is rising, other things being equal. This means that
A. rice demand is price inelastic. B. rice has many substitutes. C. rice is an inferior good. D. None of the above.
Which statement is true?
A. The U.S. is both the world's leading creditor nation and the leading debtor nation. B. The U.S. is neither the world's leading creditor nation nor the world's leading debtor nation. C. The U.S. is the world's leading creditor nation and not the world's leading debtor nation. D. The U.S. is the world's leading debtor nation and not the world's leading creditor nation.