When total planned expenditures are more than real GDP, there will be inventory accumulation
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Human capital is acquired
A) only in school. B) only through on-the-job training. C) only through job experience. D) through schooling, job training, and experience. E) only at birth, that is, it's people's inborn talents.
Under the Bretton Woods system, participating countries
A) pegged their currencies to the U.S. dollar. B) maintained a fixed exchange rate with gold. C) allowed their currencies to float freely. D) pegged their values to the British pound.
The exclusive privilege to use an asset is called a(n)
A) property right. B) exclusive use agreement. C) property privilege. D) right to work privilege.
Why does price equal marginal revenue for the purely competitive firm? What is the relationship to the demand curve for the firm?
What will be an ideal response?