To put government debt into perspective, it should be:
a. Compared to a nation's balance on goods and services.
b. Adjusted for inflation to find the real debt.
c. Adjusted by any increase in wage rates caused labor union activity.
d. All the above.
e. None of the above.
.B
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If net exports increase by 100 and the mpc is 0.75, equilibrium aggregate output increases by
A) 100. B) 250. C) 400. D) 750.
Popular management jargon includes
A) benchmarking. B) empowerment. C) lean manufacturing. D) total quality management. E) all of these choices.
Assume, for Mexico, that the domestic price of oranges without international trade is lower than the world price of oranges. This suggests that, in the production of oranges,
a. Mexico has a comparative advantage over other countries and Mexico will export oranges. b. Mexico has a comparative advantage over other countries and Mexico will import oranges. c. other countries have a comparative advantage over Mexico and Mexico will export oranges. d. other countries have a comparative advantage over Mexico and Mexico will import oranges.
If the demand curve for economics textbooks shifts to the left, then the value of the marginal product of labor for economics textbook authors will
a. rise. b. fall. c. remain unchanged. d. rise or fall; either is possible.