Nothing raises the standard of living more than a greater
a. abundance of goods.
b. effort of production.
c. population.
d. number of import tariffs.
e. All of the above are true.
a
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Refer to Figure 2-10. If the economy is currently producing at point A, what is the opportunity cost of moving to point B?
A) 46 thousand forks B) 60 thousand spoons C) 16 thousand spoons D) 12 thousand forks
A phenomenon closely related to market overreaction is
A) the random walk. B) the small-firm effect. C) the January effect. D) excessive volatility.
Which of the following is not included in Nation A's financial account?
a. Foreign deposits of funds in savings accounts in Nation A. b. Purchases and sales of land and other natural resources. c. Foreign purchases of Nation A's Treasury bills. d. All the above.
A closed economy does not engage in international trade, therefore
a. national saving is less than investment (S < I). b. net exports (NX) are zero. c. Y - C - G > I. d. national saving is zero.