Which of the following is an example of the First World?
a. The West European countries
b. The Middle East countries
c. The South Asian countries
d. The African countries
e. The Latin American countries
a
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If $30 is paid for a share of stock and the earning per share is $3, how long will it take for the firm's earnings to add up to the purchase price?
a. 30 years b. 3 years c. 27 years d. 10 years e. 90 years
The use of government expenditures and taxes to influence the level of economic activity is called
A) deficit management policy. B) debt management policy. C) financial policy. D) fiscal policy.
If the marginal propensity to consume (MPC) is 0.75 and if policy makers wish to increase real GDP by $300 million to fight a recession, then by how much would taxes have to change?
A. -$30 million B. -$50 million C. -100 million D. -300 million
Suppose a perfectly competitive cotton farmer can produce 10 containers of cotton at an output at which marginal cost equals marginal revenue. The price per container of cotton is $100 and the average total cost is $75. What is the profit or loss that
this cotton farmer is earning? A) $750 B) $150 C) $250 D) -$25