Financial crises due to weak financial sectors can often be avoided if international lenders respond appropriately
Indicate whether the statement is true or false
TRUE
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Using the data in the above table, suppose imports equal $250 billion and investment equals $1,000 billion. Hence government expenditure equals
A) $1,000 billion. B) $750 billion. C) $500 billion. D) $250 billion.
What is a monopoly? Can a firm be a monopoly if close substitutes for its product exists?
What will be an ideal response?
The number of people that are fired in a month is
A) a stock. B) a flow. C) both a stock and a flow. D) neither a stock nor a flow.
The government raises gasoline taxes as part of the price of gasoline and receives more tax revenues. However, after five years, the government discovers that revenues from the gasoline tax have declined
This situation would be most likely to occur if A) the long-run elasticity of supply was much greater than the long-run elasticity of demand. B) the demand for gasoline was inelastic in the short run, but elastic in the long run. C) the long-run elasticity of demand was greater than the long-run elasticity of supply. D) the demand for gasoline was perfectly inelastic in both the short run and the long run.