The term "capital formation" actually implies adding new equipment to a nation's factories
a. True
b. False
Indicate whether the statement is true or false
True
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Most economists analyze economic issues from a normative approach
Indicate whether the statement is true or false
Assume a competitive market is in equilibrium. There is an increase in demand, but no change in supply. As a result the equilibrium price ________, and the equilibrium quantity ________
A) rises; increases B) rises; does not change C) falls; does not change D) falls; decreases E) falls; increases
In the above figure, the short-run equilibrium is at the price level of ________ and real GDP of ________
A) 100; $15.5 trillion B) 120; $16 trillion C) 110; $15.5 trillion D) 100; $16 trillion
________ is the movement of people from one country to another country in which they plan to reside for some noticeable period of time.
A. International migration B. Denationalization C. Internal migration D. International transfer