Y = C + S even when the economy is not in equilibrium.
Answer the following statement true (T) or false (F)
True
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The average price of ten commodities is $330. If an eleventh commodity whose price is $600 is included in the calculation, the new average is:
A) $330.35. B) $450.25. C) $354.54. D) $254.54.
The game in Scenario 13.14
A) is Stackelberg if both players move at the same time; Cournot if one player moves first. B) is Cournot if both players move at the same time; Stackelberg if one player moves first. C) Stackelberg no matter what the timing of moves. D) Cournot no matter what the timing of moves. E) is neither Stackelberg nor Cournot.
The ratio of exports to GDP in the United States is small relative to that of other countries.
Answer the following statement true (T) or false (F)
In the United States, most macroeconomic data are
A. AR but not SA. B. neither SA nor AR. C. SAAR. D. SA but not AR.