Which of the following statements about the budget deficit is TRUE?
A. It is a flow variable.
B. It is a stock variable.
C. It is equal to the public debt.
D. none of these
Answer: A
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In the Mundell-Fleming model with perfect capital mobility, the domestic interest rates are determined by
a. monetary policy. b. the IS and LM curves. c. domestic savings and investment. d. budget deficits. e. none of the above.
A fundamental criticism of Time on the Cross is that economics cannot be used to simply compare the welfare of the slaves to their free, white counterparts
Indicate whether the statement is true or false
If managers ensure zero percent product failure, all of the following are true except which one?
A) Obtaining zero percent product failure is not likely to be possible. B) Obtaining zero percent product failure is likely to make the product very expensive. C) The product would never fail. D) Obtaining 100 percent product perfection is likely to be possible.
Consider the following payoff matrix facing two criminals. A: ConfessA: Not ConfessB: ConfessA: 20yrs, B: 20yrsA: 50yrs, B: 2yrsB: Not ConfessA: 2yrs, B: 50yrsA: 10yrs, B: 10yrsTheir options are to confess or not to confess. Given this information:
A. A has a dominant strategy but B does not. B. B has a dominant strategy but A does not. C. both A and B have dominant strategies. D. neither A nor B has a dominant strategy.