Which of the following would cause an increase in demand for Toyota automobiles?
a. an increase in the price of Toyota automobiles
b. a decrease in the price of Toyota automobiles
c. a decrease in the price of Honda automobiles
d. an increase in the price of Honda automobiles
d
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Increasing GDP generally causes increases in problems of waste disposal
a. True b. False Indicate whether the statement is true or false
A profit-maximizing monopsonist will hire workers up to the point at which
A) W = MRP. B) MRP = MFC. C) W = MFC. D) W = MRP = MFC.
Which of the following is NOT a problem with excessive debt?
A) It worsens the central government's budget position by adding large debt service payments to other budget items. B) It reduces the quantity of resources available to invest in economic development. C) If debt service is substantial, schools, health clinics, roads, ports, other infrastructure, and social needs are less likely to be addressed. D) It can reduce the chance of a crisis.
Which of the following statements is correct for a private closed economy?
A. Saving equals planned investment only at the equilibrium level of GDP. B. All levels of GDP where planned investment exceeds saving will be too high for equilibrium. C. Planned and actual investment are identical at all possible levels of GDP. D. Saving equals actual investment only at the equilibrium level of GDP.