Related to the Economics in Practice on page 154: According to the Economics in Practice feature, the managerial part of the United States Technical Assistance and Productivity Program
A. generated only small positive effects in both the short and long run.
B. generated large and long-lasting positive effects.
C. generated large short-term effects but barely any long-lasting effects.
D. was not effective in either the long run or the short run.
Answer: B
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The opportunity cost of economic growth is
A) future consumption that a nation gets if it gives up some present consumption. B) future consumption that a nation gives up to consume more today. C) present consumption that a nation gives up to accumulate capital. D) present investment that a nation gives up to increase its economic growth.
Which of the following would be most likely to have monopoly power?
a. an online bookstore b. a municipal water company c. a local restaurant d. a grocery store
When interest rates in the U.S. decrease, we can expect NCO to:
A. increase, because capital inflow is decreasing. B. increase, because capital inflow is increasing. C. decrease, because capital inflow is increasing. D. decrease, because capital inflow is decreasing.
When a U.S. oil company purchases oil from Saudi Arabia and the Saudi Arabian firm uses the proceeds from the sale to buy transportation services from the U.S., U.S. net exports ________ and the capital inflow to the United States ________.
A. are negative; is negative B. are unchanged; is unchanged C. are negative; is positive D. are positive; is negative