The level of saving in Japan has historically been high relative to the level of domestic investment. Based on this information, we would expect that
A) Japan's private saving is greater than its public saving.
B) Japan's capital inflows are positive.
C) Japan's net foreign investment has been relatively low.
D) Japan's net exports have been relatively high.
D
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Marginal revenue product is measured in dollars per unit of output
a. True b. False
The tax cuts passed during the Reagan administration were designed primarily to: a. boost savings among consumers
b. shift the aggregate demand curve rightward. c. reduce the balance-of-payments deficit. d. increase the supply of productive resources. e. increase the tax base and include more tax payers.
A commercial bank holds $500,000 in demand deposit liabilities and $120,000 in reserves. If the required reserve ratio is 20 percent, which of the following is the maximum amount by which this single commercial bank and the maximum amount by which the banking system can increase loans?
a) amount created by single bank = $5,000 and amount created by banking system = $25,000 b) acsb=$20,000 and acbs=$80,000 c) acsb=$20,000 and acbs=$100,000 d) acsb=$0,000 and acbs=$150,000 e) acsb=$120,000 and acbs=$500,000
The result that different auction styles in which the good goes to the winner with the highest valuation of the good generate the same amount of revenue is called
A) Revenue Equivalence Theorem. B) Marginal Revenue Theory. C) Auction Revenue Theory. D) First Bid Revenue Theorem.