Suppose Chevrolet produced 90,000 Camaros in the United States in 2012 and during 2012 sold 69,000 to U.S. customers and exported 14,000 to foreign buyers. How many Camaros would the BEA count as investment spending by Chevrolet in 2012?
A) 7,000
B) 21,000
C) 76,000
D) 90,000
A
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Most of the world's economies are mixed economies because _________
a. a cartel of powerful transnational firms demands it. b. the market system of allocation is always best. c. the command system of allocation is always best. d. government intervention in an overall market system exists because markets fail when there is market power, a great deal of inequality, pollution externalities, or public goods.
Net unilateral transfers abroad is the difference of the unilateral transfers received from abroad by U.S. residents and the unilateral transfers sent to foreign residents by the U.S. residents
Indicate whether the statement is true or false
The labor-supply curve will be downward sloping if the:
A. income effect outweighs the price effect. B. substitution effect outweighs the income effect. C. price effect outweighs the income effect. D. The labor-supply curve is never downward sloping.
When disposable income is 1250, saving is
A. -1000.
B. -500.
C. 0.
D. 500.