Higher rates of productivity growth are most closely associated with higher rates of
A. consumer spending.
B. investment spending.
C. government spending.
D. import spending.
Answer: B
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Carl is considering attending a concert with a ticket price of $35 . He estimates that the cost of driving to the concert and parking there will total an additional $20 . In order to attend the concert, Carl will have to take time off from his part-time job. He estimates that he will lose 5 hours at work, at a wage of $6 per hour. Carl's opportunity cost of attending the concert equals
a. $35 b. $55 c. $30 d. $65 e. $85
Variable inputs are defined as any resource that:
A. varies with the size of the firm's plant. B. cannot be changed as output changes. C. can be changed as output changes. D. can be increased or decreased hourly.
During most of the 1990s and 2000s, the trend in interest rates was:
A. just about constant. B. mildly upward. C. sharply downward. D. mildly downward.
The figure below shows the domestic demand (Dd) and domestic supply (Sd) curves of mopeds in a country before an import quota is imposed by the government. After the imposition of the quota, the maximum import quantity is QQ.
After the quota is imposed by the government, the domestic producers
A. gain $27.5 million. B. gain $42.5 million. C. lose $2.5 million. D. lose $45 million.