The recent rise in the price of gasoline has caused:
A. automakers to produce more gas-efficient cars.
B. automakers to drop the price of gas-efficient vehicles.
C. automakers to spend more money marketing bigger vehicles.
D. would not affect an automaker's supply decisions.
A. automakers to produce more gas-efficient cars.
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Which of the following is true of the U.S. balance of payments?
A) It includes as receipts all inflows of funds from foreigners to the United States. B) It includes as receipts only inflows of funds used to purchase U.S. produced goods and services. C) It includes as receipts inflows of funds used to purchase U.S. goods or services or to acquire U.S. assets but not funds received as unilateral transfers. D) It includes as receipts inflows of funds used to purchase U.S. goods or services and funds received as unilateral transfers but not inflows of funds used to acquire U.S. assets.
Responses to Changes in Demand Conditions: Interest-rate volatility:
What will be an ideal response?
The long run is the period of time during which _____
Fill in the blank(s) with the appropriate word(s).
In the long run, competitive firms MUST be profit maximizers because if they do not maximize profits,
A) they will not survive. B) they will not be price takers. C) they will attract entry. D) the profits that they do earn will only cover variable costs.