We benefit from trade if we are able to obtain a good from a foreign country by giving up more of other goods than we would have to give up to obtain the good at home
a. True
b. False
Indicate whether the statement is true or false
False
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The largest component of income is proprietors' income
Indicate whether the statement is true or false
Personal income taxes:
a. make recessions and inflationary episodes more severe. b. make recessions and inflationary episodes less severe. c. make recessions more severe and inflationary episodes less severe. d. make recessions less severe and inflationary episodes more severe. e. have no effect on the severity of recessions and inflationary episodes.
An increase in a country's capital stock relative to its work force is known as:
A. capital deepening. B. capital growth. C. capital improvement. D. capital augmentation.
If a person is going to borrow $30,000 for a car and pay it off in monthly payments of $637.41 for 5 years, the internal rate of return is
A. 10%. B. 15%. C. 0%. D. 5%.