Refer to the table above. Is the United States a debtor or a creditor nation in 2019?
A) a debtor nation
B) neither a creditor nor debtor nation
C) a creditor nation
D) both a creditor nation and a debtor nation
E) More information is needed to determine if the United States is a debtor or creditor nation.
A
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Excess demand occurs:
A. when price is above the equilibrium price. B. whenever the market is in equilibrium. C. when price is below the equilibrium price. D. whenever the market is not in equilibrium.
An engineer has informed the city manager that the marginal cost of an additional car crossing the city bridge is zero? If you were required to draw this cost function on a graph what would it look like? What is the slope of this graph?
What will be an ideal response?
The "invisible hand" using Adam Smith's terminology refers to
a. government control of the market. b. market forces working through the price mechanism. c. the money supply that serves to keep the economy working smoothly. d. the role of innovation in maintaining a steady rate of growth. e. "behind-the-scenes" policy making to influence how markets allocate scarce resources.
The discount rate is the rate of interest charged when banks lend excess reserves to one another.
a. true b. false