"It's a competitive world out there and holding on to export markets is difficult.". The government can do little to help if
a. its producers operate in a competitive market
b. its exchange rate depreciates
c. it pursues a budgetary surplus
d. it pursues lower interest rates than those in other countries
e. the economy's productivity is persistently lower than other countries'
E
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The points inside an economy's production possibilities frontier represent the combinations of goods that provide the greatest level of utility to the economy as a whole
a. True b. False Indicate whether the statement is true or false
If there is a surplus of loanable funds
a. the quantity of loanable funds demanded is greater than the quantity of loanable funds supplied and the interest rate is above equilibrium. b. the quantity of loanable funds demanded is greater than the quantity of loanable funds supplied and the interest rate is below equilibrium. c. the quantity of loanable funds supplied is greater than the quantity of loanable funds demanded and the interest rate is above equilibrium. d. the quantity of loanable funds supplied is greater than the quantity of loanable funds demanded and the interest rate is below equilibrium.
Using resources in such a way as to maximize the production of goods and services is called ____________ .
a. efficiency. b. underutilization. c. thinking at the margins. d. growth.
Which of the following determinants of the level of consumption is associated with Thorstein Veblen?
A. Credit availability B. The level of disposable income C. The stock of liquid assets in the hands of consumers D. Keeping up with the Joneses