Which of the following is true of saving and investment?
a. There is no relationship between saving and investment; people can invest without having to save.
b. Saving and investment can never be undertaken together by the same person.
c. Saving and investment must always be undertaken by the same person.
d. If investment is going to be undertaken, someone must save.
D
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Tom produces commemorative t-shirts in a competitive market. If Tom decides to decrease his output, this will a. increase his revenue, since the output decrease leads to a higher market price
b. increase his revenue, since Tom's competitors will also decrease their output, so that price rises to offset the drop in Tom's output. c. decrease his revenue, since his output has decreased and the price remains the same. d. decrease his revenue, since the price does not rise sufficiently when output drops to offset the drop in Tom's output.
A shift from S1 to S2 reflects the change that happens when a negative externality is taken into account. A shift from D1 to D2 reflects the change that happens when a positive externality is taken into account. Refer to the above figures. An external cost exists. This will lead to a(n)
?Kites /hourSnowboards /hourJesse81April123
Based on the data in Table 18.1:
A. Jesse should specialize in painting kites and trade for snowboards. B. Jesse should specialize in painting snowboards and trade for kites. C. April should specialize in both goods. D. Jesse should specialize in both goods.
Which of the following is an immediate effect of an increase in money supply by the European Central Bank of 10 percent?
A. There will be an inflow of foreign capital in the countries belonging to the European Union. B. The product prices in the EU countries will decline drastically. C. The expected future exchange-rate value of the foreign currencies vis-à-vis the Euro will increase. D. The interest rate in the EU countries will increase.