If all countries specialize in producing goods for which they have a comparative advantage, then total world output will be lower
Indicate whether the statement is true or false
F
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The absolute value of a country's balance on current account will always equal its balance on capital account, although one is positive and the other negative
Indicate whether the statement is true or false
After sperm leaves the epididymis, it passes through the following glands from first to last before ejaculation
A. Seminal vesicle, prostate, Cowper's gland, urethra B. Urethra, Cowper's gland, prostate, seminal vesicle C. Prostate, Cowper's gland, seminal vesicle, urethra D. Cowper's gland, prostate, seminal vesicle, urethra
Which of the following statements is true?
A. National income is total income earned by households whereas personal income is total income received by households (including transfer payments). B. Disposable personal income equals personal income plus personal taxes. C. The expenditures approach yields a higher GDP value than the income approach. D. The expenditures approach yields a lower GDP value than the income approach.
The demand curve for a monopolistically competitive firm has a:
A. positive slope and the marginal revenue curve has a negative slope. B. negative slope and the marginal revenue curve has a negative slope. C. negative slope and the marginal revenue curve has a positive slope. D. positive slope and the marginal revenue curve has a positive slope.