In 2003, the largest component of U.S. GDP was
a. personal consumption expenditures
b. government purchases
c. durable goods
d. net exports
e. gross private domestic investment
A
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If interest rates are lowered
A. people are more likely to save their money in banks. B. people are not affected by interest rates being lowered, only when interest rates are raised. C. entrepreneurs are more likely to expand a business by borrowing money. D. entrepreneurs are less likely to borrow money.
Name three factors in the foreign exchange market that affect either the quantity of dollars demanded or the demand for dollars. Discuss whether the factor increases or decreases the number of dollars people want to hold
What will be an ideal response?
If the interest rate is 8 percent, a person who is offered the opportunity to buy an annuity paying $30,000 per year forever should
a. do so if the price is greater than $375,000 b. do so if the price is less than $375,000 c. be willing to pay only $37,037 for it d. be willing to pay $77,037 for it e. be willing to pay no more than $300,000 for it
What is the systems approach to problem solving? How is this concept applicable to logistics management?