In the Keynesian cross model, investment spending as a function of national income is a(n):
a. horizontal line at a fixed level of expenditure
b. vertical line at a fixed level of real gross domestic product.
c. upward-sloping curve.
d. downward-sloping curve.
a
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The primary liabilities of a commercial bank are
A) bonds. B) mortgages. C) deposits. D) commercial paper.
Someone who derives benefits from something not paid for is a ______.
a. negative spillover b. rival consumer c. free rider d. moral hazard
Mexico sends the United States over ______ percent of its exports.
A. 20 B. 40 C. 60 D. 80
The profit-maximizing and the least-cost combination of inputs are:
A. the result of unrelated decisions. B. always identical. C. such that the minimization of costs always results in profit maximization. D. such that the maximization of profits always entails the least-cost combination of inputs.