Net Exports are defined to be:
A. Imports ? Exports.
B. Imports + Exports.
C. Exports ? Imports.
D. Exports ? Investment.
C. Exports ? Imports.
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In a market system, the major coordination tasks are carried out
A. with the approval of central planners. B. as part of the regular appropriation process of Congress. C. irregularly by the major corporations. D. automatically by the market mechanism.
Despite the improvements in information technology, productivity growth since 2006 has fallen to an even lower rate than during the period of slow growth from the mid-1970s to the mid-1990s
Indicate whether the statement is true or false
Table 13.1XYZ Bank Balance SheetAssetsLiabilitiesTotal reserves$100,000Transactions accounts$400,000Loans300,000??Refer to Table 13.1. If XYZ Bank has a required reserve ratio of 10 percent and loan proceeds are not redeposited, it can legally increase its loans by
A. $10,000. B. $60,000. C. $40,000. D. $20,000.
Which of the following statements is not correct?
A. Total surplus is the sum of consumer and producer surplus. B. Deadweight loss is the net loss of both consumer and producer surplus resulting from underproduction or overproduction of a product. C. Deadweight loss is a measure of market inefficiency. D. Total surplus is maximized when the actual quantity supplied exceeds the equilibrium quantity.