If net exports are positive, then
a. exports are greater than imports.
b. net capital outflow is negative.
c. Both of the above are correct.
d. Neither of the above is correct.
a
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Official data on unemployment are based on
A) a survey of households by the Bureau of the Census. B) employer data on hiring rates. C) the number of actual payments for unemployment compensation. D) the number of claims for unemployment compensation. E) the number of responses to ads in the help-wanted section of major newspapers.
Keynesian economists tend to believe that the private sector of the economy (households and businesses) is inherently
A. very stable in its consumption and investment decisions. B. unstable in its consumption and investment decisions. C. smaller than the foreign trade sector of the economy.
The increase in a firm's total revenues resulting from hiring an additional unit of labor is known as the marginal:
a. product. b. revenue product. c. cost. d. none of these.
Which of the following would be most likely to improve the standard of living of people in less-developed nations?
a. The development of strong labor unions. b. An increase in foreign investment. c. An increase in the share of the population under 15 years of age. d. Higher tariffs and the imposition of other restraints designed to restrict international trade.