For an economy as a whole, income must exceed expenditure
a. True
b. False
Indicate whether the statement is true or false
False
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_____________ is a financial arrangement whereby people pay premiums tp a(an) ____________ company that reimburses them in the event of loss or injury
a. Stock b. Mutual Fund c. Insurance d. Investiture
The primary function of the World Bank is to:
a. lend money to the World Trade Organization. b. provide loans to countries experiencing huge budget deficit. c. finance economic development in poor countries. d. assist countries experiencing balance of payments deficits. e. finance the fiscal stabilization program of the U.S. government.
The level of household savings constrains firm investment.
Answer the following statement true (T) or false (F)
A firm will continue investing up to the point at which the marginal revenue product of capital is equal to its rental cost.
Answer the following statement true (T) or false (F)