A representative unit that measures the want-satisfying power of a good is
A) a margin.
B) purchasing power.
C) income.
D) a util.
Answer: D
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Net investment plus depreciation is equal to
A) gross exports. B) gross depreciation. C) gross investment. D) gross domestic product.
If the marginal propensity to import is ________, then a $2 trillion increase in disposable income would increase import expenditure by $0.2 trillion
If the marginal propensity to import is ________, then a $2 trillion increase in disposable income would increase import expenditure by $0.6 trillion. A) 0.1; 0.3 B) 0.6; 2.0 C) 0.2; 0.6 D) 1.0; 3.0 E) 0.3; 0.1
Some governments have made great efforts to "formalize" informal firms by extending regulations and their enforcement. Might governments be better advised to ignore, or even help, informal firms?
What will be an ideal response?
Unions fight primarily for higher wages and better benefits
Indicate whether the statement is true or false