Unbalanced oligopolies are not stable
Indicate whether the statement is true or false
F
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How are the current account and the financial account related?
What will be an ideal response?
Suppose all people have the same age-earnings profile and the percent of the population in each age category is the same. The distribution of income at any point in time will be
A) equal because all have the same profile. B) equal because incomes and wealth levels must then be the same. C) unequal because other sources of income will differ. D) unequal because incomes differ by age.
When an economy is operating inside its production possibilities frontier, we know that
a. there are unused resources or inefficiencies in the economy. b. all of the economy's resources are fully employed. c. economic growth would have to occur in order for the economy to move to a point on the frontier. d. in order to produce more of one good, the economy would have to give up some of the other good.
Explain how a decrease in the demand for capital goods in the U.S. can lead to a change in the U.S. exchange rate