In an economy, the value of inventories rose from $275 billion in 2009 to $300 billion in 2010. In calculating total investment for 2010, national income accountants would increase it by $25 billion.
Answer the following statement true (T) or false (F)
True
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Present value analysis suggests that high-income earners
A. make a competitive real rate of return through Social Security. B. can make an average real rate of return through Social Security only if they live to age 100. C. cannot make an average real rate of return through Social Security even if they live past 100. D. can make an average real rate of return through Social Security only if they live to age 65.
If a union is able to increase the demand for union-made goods,
a. wages will increase but employment will decrease b. wages will increase and employment will increase c. wages will decrease but employment will increase d. wages will decrease and employment will decrease e. the demand for non-union labor will increase
_____________ can play a useful role in passing rules on how businesses operate, but these well-intentioned laws can, in some cases, become so intrusive that businesses decide to place limits on their hiring.
a. People b. Cities c. Government d. The World Trade Organization
Supply and demand provides the basic explanatory framework for constructing both microeconomic and macroeconomic models
a. True b. False Indicate whether the statement is true or false