In 1939 the U.S. economy was operating at point ________.
A. A
B. B
C. C
D. D
A. A
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Net exports are positively related to income in the rest of the world
Indicate whether the statement is true or false
Marge's Beauty Salon sells shampoo and conditioner. Marge has two types of customers. Their willingness-to-pay for shampoo and conditioner are given in the table below
If Marge bundles the shampoo and conditioner, could she increase revenue? Shampoo Conditioner Type I 8 5 Type II 6 8
Inefficiency can be caused in a market by the presence of
a. market power. b. externalities. c. imperfectly competitive markets. d. All of the above are correct.
During the past century the average growth rate of U.S. real GDP per person implies that it doubled, on average, about every
a. 100 years. b. 70 years. c. 35 years. d. 25 years.