In an open economy, how many bikes will this country export? 
A. 80,000
B. 50,000
C. 20,000
D. 60,000
Answer: D
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The equilibrium price in a market occurs where the:
A) market demand and the firms' average cost curves intersect. B) market supply and the firms' average cost curves intersect. C) market demand and the market supply curves intersect. D) market supply and the firms' revenue curves intersect.
Which are social costs associated with the inability of shareholders to observe an executive's effort? (You may choose more than one.) a. Excessive insurance offered
b. The executive has to be exposed to risk to induce effort, and risk is costly. c. The executive ends up exerting less than first-best effort. d. Excessive effort induced.
A $100 billion increase in government purchases will have the same effect on real GDP as a $100billion decrease in net taxes
a. True b. False Indicate whether the statement is true or false
How much does quantity change if MC1 shifts to MC2?
A. Slightly less than one
B. About one
C. Slightly more than one
D. Not at all