A recession abroad would cause U.S. net exports to rise
a. True
b. False
Indicate whether the statement is true or false
False
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How many broad categories are used by economists to define the GDP?
A) 3 B) 4 C) 6 D) 8
The most important barrier to entry is economies of scale
Indicate whether the statement is true or false
If there is limited commitment and the government is no better at collecting on its debts than is the private sector, then
A) Ricardian equivalence holds. B) the private sector can benefit from a government loan program. C) Ricardian equivalence does not hold. D) the Fisher relation does not hold.
The most direct opportunity cost of having large families in an LDC such as Egypt is the
a. loss of its customs and traditions b. benefit of having more hands to help on the farm c. larger tax revenues government collects from families d. sacrifice of per capita material goods and services e. political instability generated by population size