Globalization does not reward countries that follow good economic policies with greater access to the savings of the rest of the world to help finance growth and development
a. True
b. False
Indicate whether the statement is true or false
False
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Individual investors can reduce transactions costs by
A) buying common stock rather than bonds. B) combining their purchases through an intermediary. C) common stocks directly, rather than through a mutual fund. D) making loans directly, rather than depositing funds in a bank.
Which of the following stands true for technological innovation?
a. Actual changes in technology proceed as evenly as expenditures on research and development. b. A decline in spending on research and development may indicate less of a commitment to increasing productivity. c. The purchase of computer hardware or software as investment is not advised because of continuous innovations in the field of IT. d. In developing countries, the benefits of IT innovations are being fully exploited because of a large population. e. Education gives developing countries a substantial advantage over industrial countries in creating and implementing innovations because of a large percentage of skilled labor force in the population.
In Macroland, potential output equals $100 trillion and the natural rate of unemployment is 4 percent. If the actual unemployment rate is 5 percent, then the output gap equals:
A. 1 percent. B. 2 percent. C. ?1 percent. D. ?2 percent.
Table 9.1Disposable IncomeTotal Consumption(Billions of dollars per year)(Billions of dollars per year)$0$50200210At which income level does consumption equal income according to the information provided in Table 9.1?
A. $150 billion. B. $600 billion. C. $250 billion. D. $900 billion.