Economic production has fallen to less than full potential due to inadequate incentives for firms to produce. The duration of this economic condition will likely be:
a. indefinite
b. unknown
c. long-term
d. short-term
d. short-term
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Bill and Krista sell potted plants from a roadside stand. The figure above shows Bill and Krista's marginal cost curve and the market price. If Bill and Krista sell 60 plants per week at $8 per plant, their producer surplus from all their plants is
A) $8. B) $480. C) $240. D) $0. E) More information is needed to answer the question.
The numerical value of the MPC is typically
A. less than 1. B. equal to 1. C. greater than 1. D. unpredictable.
Which of the following represents a way in which multinational corporations can protect themselves from exchange rate risks?
A) forward markets B) futures markets C) currency options D) All of the above
Strict constructionism of the Constitution in the antebellum period
a. made federal funding of any project passing through several states illegal. b. held the federal government to only a few transportation projects. c. opened the door to federal domination of transportation projects. d. caused earlier federal plans of transportation expansion to be completed by a mix of state, local and private enterprise. e. Both b and d are correct.