Which of the following is an example of capital income?
A) Wage paid to a worker
B) Interest earned on money lent out
C) Free lunch at work
D) Free parking space in a mall
Answer: B) Interest earned on money lent out
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If S = 250, T = 170, NX = -20, this makes government saving
A) -50. B) -70. C) 70. D) 50. E) -100.
Which of the following entities is able to sue a firm for alleged antitrust misbehavior in the U.S.?
a. Department of Illegal Affairs b. Department of State c. Department of Homeland Security d. Department of Justice e. Department of Labor
Automatic stabilizers reduce fluctuations in GDP by
a. eliminating spending shocks b. increasing the amount of spending each year c. reducing the additional spending that occurs in each round of the multiplier d. increasing saving e. reducing the need for government involvement in the economy
A situation in which firms choose their best strategy given the strategies chosen by the other firms in the market is called
a. a competitive equilibrium. b. an open-market solution. c. a socially-optimal solution. d. a Nash equilibrium.