The investment function is represented by
A. an inverse relationship between the interest rate and the value of planned investment.
B. the inverse relationship between planned investment and unplanned investment.
C. the direct relationship between planned investment and real GDP (gross domestic product).
D. the direct relationship between the interest rate and the value of planned investment.
Answer: A
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The main advantage of a corporate form of organization is that
A) shareholders have limited liability. B) shareholders have unlimited liability. C) shareholders are not subject to double taxation. D) all corporate profits must be distributed as dividends.
The demand for Nike shoes is _________________ than the demand for shoes in general
a. More elastic b. More inelastic c. Less elastic d. Less inelastic
In a dynamic economy under ideal conditions,
a. the unemployment rate should be near zero. b. some unemployment would be present due to workers temporarily being out of work while changing jobs. c. unemployment would tend to move upward slightly as prices increased. d. unemployment would tend to move slightly downward as unemployment compensation benefits increased.
If the area between the diagonal line of absolute equality and the Lorenz curve is greater for the United States than for Japan, we can conclude that the
A. Distribution of income in Japan is as equal as in the United States. B. Relative distributions of income in the two countries are the same. C. Distribution of income in Japan is closer to being equal than in the United States. D. Distribution of income in Japan is less equal than in the United States.