An international financial crisis is
A) when a major bank defaults.
B) the rapid withdrawal of foreign investments and loans from a nation.
C) when at least one developing country defaults on its loans.
D) when a world leader is deposed from office.
B
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The table below shows a pizzeria's fixed cost and variable cost at different levels of output. Pizza's sell for $20 each.Number ofPizzas Per DayFixed Cost($/Day)Variable Cost($/Day)050002550015050500250755004501005008501255001,650When the pizzeria makes 100 pizzas per day, it earns an economic ________ of ________.
A. profit, $650 B. loss, $500 C. profit, $1,150 D. loss, $650
In the above figure, Sheryl's monthly budget line for movies and plays shifted, as shown. The shift in the budget line is parallel, so the shift might be because
A) the price of a movie fell and nothing else changed. B) the price of a play fell and nothing else changed. C) Sheryl's income decreased and nothing else changed. D) Sheryl's income increased and nothing else changed.
We think about the cost of supplying labor as the:
A. the additional equipment and training that is required when hiring a person. B. input costs that go into producing a unit of labor. C. opportunity cost of the individual's time. D. average wage in the labor market.
Which of the following decreases Money Demand?
a. Lower nominal interest rates. b. Higher nominal interest rates. c. A higher price level d. A lower price level