To state that public saving is equal to investment, for a closed economy, is to state an accounting identity
a. True
b. False
Indicate whether the statement is true or false
False
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The Saturn Corporation (once a division of GM) was permanently closed in 2009 . What went wrong with Saturn?
a. Saturn's cars sold at prices higher than rivals Honda or Toyota, so they could not sell many cars. b. Saturn sold cars below the prices of Honda or Toyota, earning a low 3% rate of return. c. Saturn found that young buyers of Saturn automobiles were very loyal to Saturn and GM. d. Saturn implemented a change management view that helped make first time Saturn purchasers trade up to Buick or Cadillac. e. all of the above
The functions of money are to serve as a:
Determinant of consumption, investment, and government spending Resource allocator, method for accounting, and means of income distribution Factor of production, exchange, and aggregate supply Unit of account, store of value, and medium of exchange
Which of the following is an advantage of starting a new business as a partnership?
A) Business profits are not taxed. B) A partnership has few government rules and regulations to comply with. C) The owners have limited personal liability. D) A partnership can easily attain additional funding.
If a rich country reduced subsidies to domestic producers of goods that poor countries have a comparative advantage producing, the standard of living in these poor countries would likely rise
a. True b. False Indicate whether the statement is true or false