In the simple Keynesian cross model with no government or foreign sectors, at the equilibrium level of output
A) saving is less than investment. B) saving is equal to investment.
C) saving is greater than investment. D) saving is equal to zero.
B
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The Gini coefficient index
a. is a curve that bows outward from the Lorenz curve. b. is a straight line coinciding with the Lorenz curve. c. has a minimum value of 1.0. d. is another way of expressing income inequality.
Figure 36-7
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In Figure 36-7, there are three aggregate expenditure functions (C + I + G + X? IM) for an open economy. Which of the following would cause a movement from C to B?
A. A European economic expansion B. An appreciation of the dollar C. A depreciation of the dollar D. An increase in the money supply
The primary way to distinguish among corporations, partnerships, and proprietorships is by observing:
A.) Ownership characteristics. B.) The size of the industry. C.) The number of firms in each classification. D.) The size of profits.
Currently an economy is producing at a point on its production possibilities frontier for goods X and Y. It is producing 100 units of good X and the opportunity cost of producing 1X is 3Y. If good X is produced at increasing opportunity costs, then when the economy produces 120 units of good X (on the same PPF) the opportunity cost of producing 1X could be ______Y.
What will be an ideal response?