Private investment expenditure, adds to the nation's existing stock of capital

a. True
b. False


A

Economics

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While specialization and exchange were very important to Adam Smith in 1776, they have largely lost their importance in the 21st century

a. True b. False Indicate whether the statement is true or false

Economics

Boundary solutions arise when:

A. a good provides a consumer with little value per dollar relative to other alternatives. B. a consumer has a very low level of income. C. indifference curves are convex. D. indifference curves exhibit increasing MRS.

Economics

To limit political influence on Fed policy, the terms of the Fed Board of Governors are staggered so that one new appointment is made every four years to coincide with the presidential elections

Indicate whether the statement is true or false

Economics

Which of the following causes of unemployment is associated with a wage rate above the market equilibrium level?

a. minimum-wage laws b. unions c. efficiency wages d. All of the above are correct.

Economics