Consumer goods:
A.) Account for half of total U.S. output.
B.) Include expenditures for durable goods, nondurable goods, and services.
C.) Include government expenditure on welfare and food stamps.
D.) Account for the smallest portion of U.S. GDP.
B.) Include expenditures for durable goods, nondurable goods, and services.
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A weak U.S. dollar leads to a higher volume of U.S. imports
Indicate whether the statement is true or false
Trisha believes the production of a dress requires 4 labor hours and 2 machine hours to produce. If Trisha decides to operate in the short run, she must spend $500 to lease her business space
Also, a labor hour costs $15 and a machine hour costs $35. What is Trisha's cost of production as a function of dresses produced?
Which is NOT an example of signaling high quality in a social setting
a. wearing a business suit on a job interview b. leaving a big tip for the waiter after a dinner date c. offering a cheap engagement ring to your bride d. Visiting the beauty salon before a big date
The discount rate is the interest rate
A) banks pay on certificates of deposit. B) the Fed pays on reserves held by banks. C) the Fed charges when it lends reserves to banks. D) banks charge their loan customers. E) on short-term Treasury securities.