If domestic investment is growing faster than domestic savings, then net capital flows must be
A) shrinking.
B) positive.
C) negative.
D) growing.
A
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The short-run break-even price
A) is the price at which the firm's current liabilities are paid off. B) is the price at which a firm's total revenues equal total costs. C) occurs at the output at which the firm yields a below normal rate of return. D) occurs at the output at which the firm yields a positive economic profit.
Which of the following would shift the supply of labor to the right? a. A decrease in population
b. A decrease in immigration. c. A decrease in non-wage income. d. A decrease in the quality of on-the-job amenities.
A politician may be considered an entrepreneur in the sense that
a. he is always open to bribery. b. identical personal characteristics are necessary for success in politics and in business. c. the successful politician discovers and offers voters political goods when voter demand is strong for him. d. like the businessman, the politician selfishly attempts to gain at the expense of his customers.
The theory of bounded rationality is consistent with which of the following?
A. It is irrational to follow principles such as "follow the leader." B. It always pays to be irrational. C. Our rationality depends on rules of thumb such as "you get what you pay for." D. None of our decisions are rational.