Nations that borrow from abroad to support current investment will
A) always sacrifice future consumption.
B) sacrifice future consumption only if the investments are profitable.
C) always be better off in the future.
D) be better off in the future if the investments are profitable.
D
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Based on the above table, as the production of pizza increases, the opportunity cost of pizza in terms of forgone cases of soda
A) increases. B) decreases. C) does not change. D) initially increases then decreases.
It is inappropriate and ultimately foolish to respond to the disruptions of international trade by trying to restrict trade through __________ decisions.
a. policy b. political c. consumer d. business
Market failure happens when a market does not generate the most efficient outcome.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 23.10 below to answer the question(s) that follow.
Figure 23.10Refer to Figure 23.10. Unplanned inventories increase and output decreases when aggregate output is
A. $0. B. $500 million. C. $1,000 million. D. > $1,000 million.