A monopolist's cost curves may shift up because of
a. advertising expenditure.
b. bureaucratic inefficiencies.
c. coordination problems.
d. All of the above are correct.
d
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Gross domestic product (GDP) is
A) the value of all final goods and services produced in a country during a year. B) the sum of consumption expenditure, investment, government expenditure on goods and services, and net exports. C) the sum of compensation of employees, proprietors' income, net interest, rental income, corporate profits, depreciation, and indirect business taxes minus subsidies. D) all of the above.
If the earnings report of a firm indicates higher earnings than was expected by the investors:
a. the stock prices of the firm will decline. b. the price of the product produced by this firm will decline. c. the price of the product produced by this firm will rise. d. the firm will spend more on advertising. e. the stock prices of this firm will increase.
If people have a sudden increase in confidence in the open economy of the U.S. and want to invest there, the:
A. supply of loanable funds curve would shift left. B. demand for loanable funds curve would shift left. C. supply of loanable funds curve would shift right. D. demand for loanable funds curve would shift right.
All of the following are surplus items in the balance of payments EXCEPT
A. purchases of foreign assets. B. foreign tourist expenditures. C. exports of merchandise. D. funds deposited in this country by foreign residents.