Net investment plus depreciation is equal to
A) gross exports. B) gross depreciation.
C) gross investment. D) gross domestic product.
C
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The supply curve is a __________ line that reflects the _______ relationship between price and quantity supplied.
A. downward-sloping; inverse B. upward-sloping; inverse C. downward-sloping; direct D. upward-sloping; direct
The Celler-Kefauver Act of 1950:
a. amended the Sherman Act to outlaw price fixing where the effect is to lessen competition b. created the Interstate Commerce Commission. c. prohibited conglomerate mergers where the effect is to lessen competition. d. prohibited a firm from acquiring the assets of another firm where the effect is to lessen competition.
The process of bringing together buyers and sellers in a market is called:
A. intermediation. B. supply and demand. C. the invisible hand. D. equilibrium.
Classical economists believe aggregate spending adjusts quickly to equal full-employment output.
Answer the following statement true (T) or false (F)