Governments of market-oriented economies never tamper with the price mechanism
a. True
b. False
Indicate whether the statement is true or false
False
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The CA is equal to
A) Y - (C - I + G). B) Y + (C + I + G). C) Y - (C + I + G). D) Y - (C + I - G). E) Y + (C - I - G).
The marginal rate of technical substitution (MRTS) along an isoquant:
A) is equal to the price ratio at all points along an isoquant. B) is equal to the ratio of the marginal utilities of the two goods. C) is equal to the ratio of the marginal products of the two inputs. D) remains constant as we alter the combinations of the two inputs.
Marginal profit is the slope of the total profit curve
a. True b. False Indicate whether the statement is true or false
Private donations of aid are:
A. not generally counted in aid statistics that are reported by various aid agencies. B. larger than the entire budget for official foreign aid provided by the U.S. C. a significant portion of aid, nearly half as much as the budget for official foreign aid provided by the U.S. D. a dwindling portion of aid given to foreign countries.