The level of saving in Japan has historically been high relative to the level of domestic investment. Based on this information, we would expect that
A) Japan's net exports have been relatively high.
B) Japan's capital inflows are positive.
C) Japan's private saving is greater than its public saving.
D) Japan's net foreign investment has been relatively low.
A
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Buying electricity off the freewheeling grid at one quarter 'til the hour for delivery on the hour illustrates:
a. relational contracts with distributors b. vertical requirements contracts c. spot market transactions d. variable price agreements
If the aggregate supply curve shifts leftward, then _____
a. the price level increases and output increases b. the resulting increase in the price level is usually called cost-push inflation c. the resulting increase in the price level is usually called demand-pull inflation d. the price level increases as long as the aggregate demand curve shifts rightward e. the price level decreases and output increases
Bans or quotas that limit the use of common resources are straightforward public-policy approaches to solving the problem of overuse if:
A. the community agrees to aid in its enforcement. B. countries have the resources to enforce them. C. the community affected participates in setting the punishments for breaking the policy. D. None of these statements is true.
The marginal revenue that would be derived from producing the fourth unit of output is
A. $24.
B. $22.
C. $20.
D. $18.