The figure above shows the relationship between the price of a dozen roses and the quantity of roses a florist can sell. The slope between points A and B is
A) 20.
B) 16.
C) 2.
D) 4.
E) nonexistent because at point A, no roses are sold.
C
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Many autoworkers are unionized. Which of the following methods can help them achieve higher wages? I. Training that increases union members' marginal product II. A publicity campaign promoting purchase of union-made automobile
A) I only B) II only C) I and II D) Neither I nor II
The above figure shows a firm in monopolistic competition. At the profit maximizing level of output
A) the firm is making a positive economic profit. B) the firm incurs an economic loss. C) the firm is making zero economic profit. D) this firm would choose to shut down in the short run.
Chain-weighted GDP deflator inflation differs from GDP deflation inflation because:
a. it uses different goods in its calculation. b. it uses two different base years to get the quantities used to calculate the index. c. it uses a constant set of prices every year. d. it uses two different base years to get the prices used to calculate the index.
Which of the following options could be used to eliminate a recessionary gap?
a. Decrease government spending b. Decrease consumption c. Decrease investment d. Decrease taxes