All of the following are most likely to be fixed costs EXCEPT the cost relating to
A. rent.
B. insurance.
C. taxes.
D. packaging.
Answer: D
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In the above figure, the short-run equilibrium is at the price level of ________ and real GDP of ________
A) 100; $15.5 trillion B) 120; $16 trillion C) 110; $15.5 trillion D) 100; $16 trillion
If firms are more pessimistic and believe that future profits will fall and remain weak for the next few years, then
A) investment spending will remain unaffected. B) investment spending will rise and then fall. C) investment spending will rise. D) investment spending will fall.
Fish are
a. always renewable resources b. renewable resources whenever property rights are well defined c. renewable resources if they are taken and replaced at rates that provide a steady supply d. renewable resources only if they are replaced at a rate that exceeds the rate at which they are caught e. renewable resources whenever property rights are well defined and can be easily enforced
Countries that have adopted liberal reforms and substantially increased their economic freedom rating in recent years
What will be an ideal response?