Refer to the information provided in Figure 1.4 below to answer the question(s) that follow.
Figure 1.4Refer to Figure 1.4. At Point E in Panel A, the slope is
A. zero.
B. infinite.
C. negative.
D. indeterminate from this information.
Answer: A
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According to the saving and investment equation, if net foreign investment rises by $60 million,
A) domestic investment will rise by $60 million. B) private saving will fall by $60 million. C) national saving will fall by $60 million. D) national saving will increase by $60 million.
The balance of payments is
A) a summary record of the financial transactions of a country's government with foreign governments. B) a summary record of a country's imports and exports of goods with foreign residents and governments. C) a summary record of a country's economic transactions with foreign residents and governments. D) a summary record of a country's purchases and sales of goods and services in the world market.
If France is capable of producing either cheese or wine or some combination of those two products, then France should:
A. produce the one it is more efficient at producing. B. produce the one for which it has a comparative advantage. C. produce the one for which it has a higher opportunity cost. D. remain self-sufficient if it has the absolute advantage in the production of both.
Inflation increases the value of money
a. True b. False Indicate whether the statement is true or false