Investment is the process by which new capital is added to an economy.
Indicate whether the statement is true or false.
Ans: True.
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As a household's disposable income increases, its autonomous expenditures ________ and its induced expenditures ________
A) increase; do not change B) decrease; do not change C) increase; increase by a smaller amount than the increase in income D) do not change; increase by an amount equal to the increase in income E) do not change; increase by a smaller amount than the increase in income
In Table 17.4, Brazil has 
A. a comparative advantage in lumber but not an absolute advantage. B. an absolute advantage but not a comparative advantage in cars. C. an absolute and comparative advantage in both goods. D. an absolute and comparative advantage in lumber.
Refer to the accompanying table for a certain product's market in Econland. If the world price of the product were $6 and a tariff of $1 per unit imported is imposed, then the quantity of output that would be supplied domestically would be
A. 1,600 units, and the quantity of output that would be imported would be 400 units B. 1,400 units, and the quantity of output that would be imported would be 400 units C. 1,500 units, and the quantity of output that would be imported would be 300 units D. 1,800 units, and the quantity of output that would be imported would be 600 units
In the long-run, what happens to the aggregate price level when the Federal Reserve decreases the money supply?
a) The aggregate price level falls. b) The aggregate price level rises. c) The aggregate price level rises and then falls. d) The aggregate price level does not change.