The shaded area in Figure 24.1 represents
A. Total cost.
B. Total loss.
C. Total revenue.
D. Total profit.
Answer: D
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A) land B) labor C) capital D) entrepreneurship E) human capital
What was(were) the effect(s) of the Enron Bankruptcy in late 2001 and other corporate scandals in 2002?
A) An ensuing lack of confidence in financial accounting. B) The value of corporate bonds declined. C) It became more expensive for firms to finance their investments. D) all of the above E) none of the above
A higher level of real Gross Domestic Product (GDP) will result if
A) total planned real expenditures exceed real Gross Domestic Product (GDP). B) aggregate supply exceeds aggregate demand. C) aggregate demand exceeds aggregate supply. D) leakage exceeds injections.
Miyu’s country has a higher saving rate than Arjun’s country. It is reasonable to assume that ______.
a. Arjun’s country will have greater economic growth than Miyu’s b. Miyu’s country has lower rates of investment than Arjun’s c. Miyu’s country will have greater economic growth than Arjun’s d. Arjun’s country has higher rates of capital formation than Miyu’s