Refer to Figure 1.7. Which of the following points are considered to be inefficient?
A. E.
B. D, G, and J.
C. D.
D. G.
Answer: A
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The payment of a dividend by a foreign company to an American stockholder represents
A) a debit in the U.S. capital account. B) a credit in the U.S. current account. C) a credit in the U.S. official reserve account. D) a debit in the U.S. current account.
An increase in the saving rate will affect which of the following variables in the long run?
A) output per worker B) capital per worker C) the level of investment D) all of the above
The latest news report stated that the housing market is making a comeback and that house prices are on the rise. This information is likely to:
A. decrease demand for houses now due to a change in expectations of future prices. B. have no effect on the current housing market, but will increase demand in the future. C. increase demand for houses now due to a change in expectations of future prices. D. have no effect on the current demand for housing, but will decrease current supply.
If ethanol production is expected to increase the price of corn, U.S. farmers will likely
A) shift the supply of corn to the left. B) shift the supply of corn to the right. C) reduce the production of corn by sliding down the corn supply curve, all else equal. D) increase the production of corn by sliding up the corn supply curve, all else equal.