Which one of these statements is always true?
a. Actual investment is equal to intended investment.
b. Actual investment is equal to saving.
c. Actual investment is equal to consumption.
d. Intended investment is equal to saving.
e. Intended investment is equal to consumption.
C
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Based on Table 3.1, the pre-trade relative price of a computer in Mexico is
A) three pairs of shoes. B) one pair of shoes. C) one-half pair of shoes. D) one-third pair of shoes. E) None of the above.
The fewer alternative uses a resource has,
a. the greater the proportion of its earnings that is economic rent b. the smaller the proportion of its earnings that is economic rent c. the more elastic its supply d. the more elastic its demand e. the less elastic its supply
Only paid workers are included in the Bureau of Labor Statistics' "employed" category
a. True b. False Indicate whether the statement is true or false
With regard to preventing entry, if identical firms act simultaneously,
A) they cannot credibly threaten each other B) they will all incur losses C) only one firm will enter the market D) none of them would enter the market