Consider a small open economy with desired national saving of Sd = 200 + 10,000rw and desired investment of Id = 1000 - 5000rw. If rw = 0.05, then net exports equal

Monopolists can make an economic profit in the long-run because of barriers to entry

Indicate whether the statement is true or false

Because fewer people are now needed to perform an average job, it is said that the information technology revolution has played an important role in slowing down productivity in the United States

a. True b. False Indicate whether the statement is true or false