Rent seeking
A. often entails large opportunity costs.
B. prevents waste of resources.
C. often promotes fairness in distribution of resources.
D. cannot occur in a planned economy.
Answer: A
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If capacity utilization by businesses remains constant, investment spending is likely to be the most volatile component of aggregate expenditures in the United States
a. True b. False Indicate whether the statement is true or false
Aggregate measures are
A. determined by the government. B. used only by policymakers but not by firms. C. anything to do with economics. D. a total measure of a variable in the economy.
All of the following are considered process innovation EXCEPT
A) neutral technical progress. B) labor saving technical progress. C) organizational innovation. D) nonneutral technical progress.
When the economy is in macroequilibrium, unintended investment
a. is positive b. is negative c. equals saving d. is zero e. equals intended investment