If inventories decline by more than analysts predict they will decline, this implies that
a. actual investment spending was greater than planned investment spending.
b. actual investment spending was less than planned investment spending.
c. actual investment spending was equal to than planned investment spending.
d. there is no relationship between actual investment spending and planned investment spending.
b. actual investment spending was less than planned investment spending.
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Refer to Figure 19-11. The graph above depicts supply and demand for British pounds during a trading day, where the quantity is millions of pounds. In order to support a fixed exchange rate of $2.00 per pound, the British central bank must
A) buy 0.6 million pounds per trading day. B) sell 1.2 million pounds per trading day. C) buy 1.2 million pounds per trading day. D) sell 0.6 million pounds per trading day.
During the 1990s, food production increased faster than population in all regions of the developing world except
(a) Latin America. (b) East Asia. (c) Sub-Saharan Africa. (d) none of the above.
An industry is comprised of 25 firms, each with an equal market share. What is the four-firm concentration ratio of this industry?
A. 0.25 B. 0.20 C. 0.12 D. 0.16
Which of the distributive standards does NOT involve a value judgment?
A) productivity standard B) egalitarian standard C) merit standard D) All of the standards involve value judgments.