Comment: “We could do a better job of solving the economizing problem by setting our consumption goals lower rather than by setting our production goals higher.”
Please provide the best answer for the statement.
In part this statement is saying that one way to satisfy our wants is to be more conservative in what we consume. Through conservation we may be able to satisfy as many wants without being wasteful of resources. For example, by driving more fuel-efficient cars, Americans can increase travel without increasing gasoline consumption. Other examples can be found to show that we can maintain or increase satisfaction by using existing resources more efficiently. On the other hand, conservation cannot be the entire solution to the economizing problem as population wants expand relative to scarce resources.
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Which of the following statements has usually held TRUE about the relationship between the trade deficits and government budget deficits?
A) There is a negative relationship between trade deficits and budget deficits. B) There is a positive relationship between trade deficits and budget deficits. C) There is no relationship between trade deficits and budget deficits. D) A relationship exists only when there is a balanced budget.
Suppose that in the United States and the United Kingdom the real rate of interest is 1 percent and constant. In this case, the nominal interest rates in both countries
A) are equal. B) differ solely by the expected future spot rate differential. C) differ solely by the expected inflation differential. D) differ solely by the forward rate differential.
Pricing between two networks that are completing each other's calls is not affected by the volume of calls going in the two directions
Indicate whether the statement is true or false
The more firms are present in a market, the:
A. more competition is likely to be present. B. less competition is likely to be present. C. more like a monopoly it will behave. D. more collusion is likely to occur.