Did the large U.S. budget deficits in the 1980s "crowd out" investment as some economists had predicted?
a. Yes, investment dropped as predicted.
b. Yes, although investment did not fall nearly as much as some had feared.
c. No, investment was not crowded out, but net exports dropped.
d. No, no crowding out at all occurred.
c
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The textbook defines any business with less than __________ in assets to be "small."
A) $100,000,000 B) $10,000,000 C) $1,000,000 D) $500,000
Efficiency is defined as minimizing waste
a. True b. False Indicate whether the statement is true or false
If a firm increases inputs by 15 percent and output increases by 12.5 percent, the firm is experiencing
a. increasing returns to scale. b. decreasing returns to scale. c. constant returns to scale. d. increasing costs per unit of output.
The poorest regions in the world, as measured by GDP per capita, are:
A. Latin America and the Caribbean. B. the Middle East and North Africa. C. Sub-Saharan Africa and South Asia. D. Australia and New Zealand.