The consumption that is greater than zero when national income is zero is
a. permanent consumption
b. induced consumption
c. nondependent consumption
d. autonomous consumption
e. automatic consumption
D
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Equilibrium GDP will not exist where output exceeds aggregate demand because businesses will notice that
A. their profits are positive. B. inventory stocks are building up. C. inventory stocks are being depleted. D. their level of depreciation is rising.
Which of the following is fixed on a coupon bond?
A) coupon rate B) current yield C) market price D) yield to maturity
A market has four individuals, each considering buying a grill for his backyard. Assume that grills come in only one size and model. Abe considers himself a grill-master, and finds a grill a necessity, so he is willing to pay $400 for a grill. Butch is a meat-lover, honing his grilling skills, and is willing to pay $350 for a grill. Collin just met the girl of his dreams, and she loves a good grilled steak, so in his effort to impress her he is willing to pay $320 for a grill. Daniel loves grilled shrimp and thinks it might be cheaper in the long run if he buys a grill instead of eating out every time he wants grilled shrimp, so he is willing to pay $200 for a grill. If the market price of grills is $300, given the scenario described, the total consumer surplus would be:
A. $200. B. $170. C. $1,070. D. None of these is true.
International trade can be correctly considered as an example of a zero-sum game.
Answer the following statement true (T) or false (F)