A theory is an untested assertion of alleged fact
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
The nominal GDP in Liplandis is currently $3,456 billion. If net foreign factor income increases by $400 billion, the nominal GDP will ________.
A. not change B. increase by $400 billion C. fall, but by less than $400 billion D. fall by $400 billion
Voters may choose to remain uninformed about an issue because of:
a. the special-interest effect. b. rational ignorance. c. bureaucratic inefficiency. d. the shortsightedness effect.
A ______ economy is an economy where government and the private sector together determine the allocation of resources.
a. traditional b. command c. mixed d. market
The total volume of business sales in our economy is several times larger than GDP because:
A. The GDP does not take taxes into account B. The GDP excludes intermediate transactions C. The GDP grossly understates the value of our annual output D. Total sales are in money terms and GDP is always stated in real terms