When foreigners are making more "investments" in a country than the residents of the country are making abroad, which of the following is most likely to occur?
a. Inflation.
b. Rapid growth of the money supply.
c. A balance of trade deficit.
d. A negative net investment rate.
C
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Even ideal cartels tend to be unstable because
a. firms typically prefer competition to collusion as competition, because it leads to more profits. b. collusion leads to lowest possible overall profits in the industry. c. oligopolistic managers are extremely risk loving. d. firms can benefit by secretly selling more than they promised the other firms e. all of the above
Keynesians challenge the classical or monetarist view that payment schedules and patterns of spending and saving associated with the transactions demand for money are basically stable
Indicate whether the statement is true or false
Noah is an unpaid stay-at-home father who is not currently searching for paid work. Pete is a full-time student who is not looking for a job. Who is included in the labor force by the Bureau of Labor Statistics?
a. only Noah b. only Pete c. both Noah and Pete d. neither Noah nor Pete
An efficient point of production is
A. the point where scarcity no longer exists. B. a point inside the production possibilities curve. C. the point where we are currently producing. D. a point on the production possibilities curve.