When two people trade, one must lose for the other to win.
Answer the following statement true (T) or false (F)
False
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Which of the following items is the one type of household expenditure that is categorized as investment rather than consumption?
a. spending on education b. the purchase of stocks and bonds c. the purchase of a new house d. the purchase of durable goods such as stoves and washing machines
According to Keynesian theory
A. changes in the equilibrium interest rate will not always equate saving and investment. B. prices and wages are flexible downward. C. say's law is valid. D. savers and investors have identical motives.
If U.S. GNP exceeds GDP by approximately $133 billion,
A. U.S. depreciation was ?$133 billion. B. U.S. factor income earned abroad was $133 billion less than foreign factor income. C. U.S. depreciation was $133 billion. D. U.S. factor income earned abroad exceeded foreign factor income by $133 billion.
Some companies subject their applicants to extensive tests. Why?
A) to reduce the informational asymmetry between the firm and the applicant B) to screen the applicant to avoid the problem of adverse selection C) to gather more information about the applicant D) All of the above.