Property taxes are currently unpopular. In the future, they will be more popular.
A. True
B. False
C. Uncertain
C. Uncertain
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What type of spending is the largest component of the GDP?
A) investment B) net exports C) government purchases D) consumption expenditures
With a closed economy and no government spending, the total demand for output is equal to ________
A) consumption per-worker plus investment per-worker B) consumption per-worker minus investment per-worker C) consumption per-worker times investment per-worker D) consumption per worker divided by investment per-worker
Refer to the table below. What is the expected price of the input in Country A?
The above table provides the probability distribution of price of an input next year in Country A and Country B.
A) $999
B) $501
C) $500
D) $499
An example of a fungible commodity is:
A. oil. B. gold. C. aluminum. D. All of these are fungible commodities.