Which of the following is the most volatile component of private investment?
a. Plant and equipment purchases
b. New home construction
c. Purchases of services
d. Changes in business inventories
e. Consumption of nondurables
D
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When a natural monopoly is regulated using a marginal cost pricing rule, what can you say about the firm's profit and the market's efficiency?
What will be an ideal response?
Suppose the world price of a good is $4. Based on the table below, the country would
Price Q Demanded Q Supplied 2 100 70 4 95 75 6 90 80 8 85 85 10 80 90 12 75 95 A) import 20 units. B) export 20 units. C) import 10 units. D) export 10 units.
An upward-sloping trend line depicts long-run economic growth
Indicate whether the statement is true or false
The adding up of individual economic variables to obtain economy wide totals is called:
A. monetary policy. B. aggregation. C. normative analysis. D. average labor productivity.