From 1992, America’s trade performance was marked by a(n)
A. reduced current account deficit.
B. increased current account deficit.
C. reduced capital account surplus.
D. increase in the growth of exports.
Answer: B
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When Ben Bernanke referred to the exit strategy of the Fed, he was referring to:
A) his plans to retire as chair of the Fed B) when the Fed would stop implementing monetary policy C) the process by which the Fed would shrink its balance sheet D) increasing the federal funds rate back to where it was prior to the financial crisis
Refer to the table below. If Sweet Grams is a perfectly competitive firm and the market price $1.25 per unit, what is the profit-maximizing quantity for Sweet Grams to produce at Plant 2?
Sweet Grams makes graham cracker snack packages. Sweet Grams is a multi-plant firm with two production facilities. The above table summarizes the total marginal cost of production at various output levels in the separate plants. Assume Sweet Grams is a perfectly competitive firm.
A) 32,000
B) 30,100
C) 27,000
D) 22,500
Which of the following is a profit-maximizing condition for a Cournot oligopolist?
A. Q1 = Q2 = ... = Qn. B. MR = MC. C. P = MR. D. All of the statements associated with this question are correct.
Label the break-even point.
