The target population for government spending on space is everyone
Indicate whether the statement is true or false
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Smith and Jones comprise a two-person economy. Their hourly rates of production are shown in the accompanying table. Calculators Per HourComputers Per HourSmith10010Jones1206 If Smith and Jones are dividing their time efficiently and producing more than 10 computers and fewer than 120 calculators per hour, then Smith will ________ and Jones will ________.
A. split his time between computers and calculators; produce only computers B. produce only computers; split his time between computers and calculators C. produce only calculators; produce only computers D. produce only computers; produce only calculators
One of the most widely followed stock indexes in the United States is the S&P 500. This index represents
A) the stock prices of 500 large U.S. firms. B) the stock prices of the 500 most valuable firms worldwide. C) the stock prices of more than 4,000 U.S. firms. D) the stock prices of 30 large U.S. corporations.
When laws and regulations prohibit firms from selling at "prices less than cost,"
A) consumers benefit. B) they are rarely enforced; therefore, competition is allowed to decline in the retailing industry. C) they help maintain competition by eliminating one important advantage of large firms. D) they must define "cost" arbitrarily since no firm has an incentive to sell below cost. E) they serve as our most effective defense against predatory pricing.
What is the relationship between the balance of trade and the current account balance?
What will be an ideal response?