Typically, the most important determinant of private investment in an economy is
A) the inflow of foreign investment.
B) the size of the capital account surplus.
C) the size of the current account deficit.
D) the amount of domestic savings.
D
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A minimum wage is the:
A. highest wage that a firm is legally obligated to pay its non-skilled labor. B. prevailing wage for low-income workers in a nation. C. lowest wage that a firm is legally allowed to pay its workers. D. wage every high school dropout will earn if they are employed.
Which of the following is correct if real GDP is $20 trillion and spending is $20.5 trillion?
What will be an ideal response?
If the GDP price index is rising over a period of time, then the real GDP in years ________.
A. after the base year will be higher than the nominal GDP B. after the base year will be rising faster than the nominal GDP C. prior to the base year will be less than the nominal GDP D. prior to the base year will be larger than the nominal GDP
A tax that is imposed by the importing country when an imported good crosses its international boundary is called
A) an import quota. B) dumping. C) a voluntary export restraint. D) a tariff.