From 1980 to 1992 net national saving in the United States averaged approximately ________ percent of national income
A) 32
B) 18
C) 12
D) 4.7
E) 2.2
D
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Which of the following strategies that a union might pursue would result in the lowest wage rate for its members?
a. Maximizing the total wage bill b. Maximizing employment of its members c. Restricting union membership severely d. Maximizing the total economic rent obtained by its members
The principal advantage money has over barter is its function as:
A. debt. B. a store of value. C. a unit of account. D. a medium of exchange.
Comparative advantage is illustrated by the slopes of production possibilities frontiers.
Answer the following statement true (T) or false (F)
If the interest rate is 1 percent and a business pays $100,000 for a lease on a factory, the explicit costs are
A) $110,000. B) $100,000. C) $10,000. D) $90,000.