Based on the following information, what is the amount of public saving? ReceiptsExpendituresFederal and Government2,5002,000State and Local Governments1,2001,500
A. -300
B. +200
C. +3,700
D. +2,500
Answer: B
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The "medium of exchange" function of money means it is the:
a. The unit in terms of which people write contracts. b. Barter value of a product for which a nation has a comparative advantage. c. Unit in terms of which everything is valued and the basis for establishing relative prices between goods and services. d. Asset individuals get for goods and services and then use later to purchase other goods and services. e. Asset people can use to accumulate wealth.
The point where the PPF intersects the vertical axis is
A) unattainable. B) attainable and productive efficient. C) attainable but productive inefficient. D) attainable and neither productive efficient nor productive inefficient.
If the consumption schedule is linear, then the:
A. saving schedule will also be linear.
B. MPS will decline as income rises.
C. MPC will decline as income rises.
D. APC will be constant at all levels of income.
An industry consists of six firms with annual sales of $300, $500, $400, $700, $600, and $600. What is the industry's HHI?
A. 1,659 B. 1,909 C. 1,839 D. 1,779