If in 2003, $100 billion of consumption goods in Canada are produced but remain unsold and Canadian retail stores discover they have more inventory than they want, those $100 billion of consumption goods, by default, become
a. consumption goods in the form of next year's inventories
b. intended investment in the form of next year's inventories
c. investment goods in the form of next year's inventories
d. consumption goods in the form of unwanted inventories
e. investment goods in the form of unwanted inventories
E
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The sequence of events following an increase in the federal deficit would be higher interest rates, a(n)
A. depreciating dollar, and a larger current account deficit. B. depreciating dollar, and a smaller current account deficit. C. appreciating dollar, and a larger current account deficit. D. appreciating dollar, and a smaller current account deficit.
Option A provides $9,000 with probability 50 percent or $11,000 with probability 50 percent. Option B provides $8,000 with probability 50 percent or $12,000 with probability 50 percent. For most people the cost of risk associated with B is
A) less than that associated with A. B) the same as that associated with A. C) exactly twice that associated with A. D) more than twice that associated with A.
In the above figure, when price is below E, this firm should
A) lower prices. B) continue to operate as-is. C) attempt to lower ATC and to raise AVC. D) shut down.
According to the traditional classical school of thought, aggregate supply is vertical both in the short run and in the long run
a. True b. False Indicate whether the statement is true or false