In 1996, if nominal GDP was about $8.5 thousand billion. The stock of money was
a. about the same as this.
b. much less than this.
c. much more than this.
d. unrelated to this number.
b
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In the above table, the working age population is
A) 225 million. B) 100 million. C) 140 million. D) 155 million.
Explain whether the market produces too little, too much, or the right amount of goods with (a) detrimental externalities and (b) public good characteristics.
What will be an ideal response?
If a monopolist produces beyond the quantity where MC = MR:
A. the increase in revenue exceeds the increase in cost. B. total revenue exceeds total cost. C. the increase in revenue is less than the increase in cost. D. total revenue is less than total cost.
Refer to the information provided in Table 30.1 below to answer the question(s) that follow.
Table 30.1
Refer to Table 30.1. From 2015 to 2016 the real wage
A. rises. B. falls. C. stays the same. D. rises then falls.