If Saving+Tax+Import > Investment+Government spending+Export, then _____ must fall to establish macroeconomic equilibrium
a. net exports
b. gross exports
c. taxes
d. real GDP
e. government spending
d
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Which of the following would be an example of capital deepening?
(A) Laying off employees when a factory is modernized. (B) Moving a manufacturing plant overseas where labor costs are lower. (C) Paying for an employee to take college courses. (D) Permitting two workers to share one job.
Rent control leads to quantity supplied being ________ quantity demanded.
A. equal to B. greater than C. less than D. Either equal to or greater than is correct.
The law of demand states that
a. quantity demanded is inversely related to price b. quantity demanded is directly related to income c. marginal utility is inversely related to quantity consumed d. total revenue is directly related to price e. demand curves are linear
Bottles of very fine wine are less liquid than demand deposits
a. True b. False Indicate whether the statement is true or false