A country has $60 million of saving and domestic investment of $40 million. Net exports are
a. $20 million.
b. -$20 million.
c. $100 million.
d. -$100 million.
a
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If the government uses stabilization policies to reduce inflation, the economy may have to suffer
A. higher rates of real GDP growth. B. higher rates of unemployment. C. lower rates of unemployment. D. higher rates of price level growth.
Which of the following statements is TRUE?
A) A monopoly cannot set price and quantity such that the point lies above the demand curve. B) A monopoly can charge whatever it wants. C) Profit maximization occurs by setting price first. D) Both A and B.
This graph represents the cost and revenue curves of a firm in a perfectly competitive market.
According to the graph shown, if a firm is producing at Q2, and it is identical to others in the market:
A. firms will enter this market. B. economic profits are zero. C. firms will leave this market. D. profits are not being maximized.
The slope of a line that passes through the points (20, 30) and (40, 14) is
a. -5/4. b. -4/5. c. 4/5. d. 5/4.