Refer to the information provided in Table 21.1 below to answer the question(s) that follow. Table 21.1
Refer to Table 21.1. The value of gross domestic product in billions of dollars is
A. 3,000.
B. 3,075.
C. 3,125.
D. 3,750.
Answer: B
You might also like to view...
Suppose people had been paying $10 for a pizza at Little Weezer's. If their demand increases to the point where they will now pay $15 for the same pizza, then
A) the marginal cost of making pizzas would tend to increase. B) the quantity supplied of pizzas would tend to increase. C) both A and B are true. D) none of the above are true.
If the total utility for eating up to five $2.00 hamburgers is 40, 60, 70, 75, 70, respectively, which of the following is true?
a. A rational consumer would choose to eat five hamburgers at the price of $2.00 b. A rational consumer would choose to eat five hamburgers only if the price was reduced to $1.00. c. A rational consumer would choose to eat five hamburgers only if the 5th hamburger as free. d. A rational consumer would have to be compensated to eat the 5th hamburger.
Taking explicit account of a rival's expected response to a decision you are making is called:
A. economic decision making. B. strategic decision making. C. competitive decision making. D. monopolistic decision making.
Referring to Figure 18.2, Mexican goods will become more expensive in the United States if the exchange rate goes from ________ to ________ pesos to the dollar.
A. 12; 11 B. 12; 13 C. 11; 13 D. 10; 13