Suppose that net exports are -$300 billion and exports are $500 billion. Imports must be equal to
A) $800 billion.
B) $400 billion.
C) $200 billion.
D) -$200 billion.
E) There is not enough information to answer this question.
A
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Which of the following "factors of production" is included in the neoclassical growth theory?
A) skills and education of the workforce B) cultural attitudes toward work C) effectiveness of the legal system in protecting property rights D) labor measured in units of effective labor E) all of the above
Beverly spends $100 on a teeth whitening kit. After one application, her gums are inflamed and it feels like her mouth is on fire. Beverly is trying to decide whether to apply the treatment again, or throw the kit away. The opportunity cost of a second application is:
A. $100. B. the pain and suffering involved with the second application. C. $100 + the pain and suffering involved with the second application. D. $100 + the pain and suffering involved with the first and second application.
Stagflation may follow an inflationary boom
a. True b. False Indicate whether the statement is true or false
Credit
What will be an ideal response?