An exogenous rise in government expenditures will have the same effect on GDP as an equal rise in either autonomous ________ or autonomous ________
A) consumption; investment
B) taxes; consumption
C) savings; investment
D) taxes; investment
A
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A supply curve is also a maximum-supply-price curve
Indicate whether the statement is true or false
Refer to Table 2-9. If the two countries specialize and trade, who should export wristwatches?
A) Thailand B) They should both be importing wristwatches. C) Japan D) There is no basis for trade between the two countries.
What is the conclusion that behavioral economists have made about the amount of product variety in the market place?
What will be an ideal response?
Which of the following is not an example of a capital input?
a. A person's skills and abilities, which can be employed to produce valuable goods and services. b. Tools and equipment. c. Factories and offices where goods and services are produced. d. Computers used by a company to record inventory, sales, and payroll.