The current account records foreign investment in the United States minus U.S. investment abroad
Indicate whether the statement is true or false
FALSE
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Which of the following statements is FALSE?
A) Transactions in which households buy final goods and services occur in the factor market. B) Saving is the difference between consumer income and expenditures. C) The value of total output is identical to total income. D) One definition of total income is that it is the annual cost of producing the entire output of final goods and services.
Keeping in mind economists' definition of factors of production, which of the following is NOT a factor of production?
A) money B) low-skilled labor C) coal D) an engineer
Which of the following criteria need NOT be satisfied for choosing a policy instrument?
A) The variable must be measurable. B) The variable must be controllable. C) The variable must be predictable. D) The variable must be transportable.
Branding:
A. promises the differences in products are completely perceived and not real. B. can be a barrier to entry. C. guarantees high-quality products. D. All of these statements are true.