Use the following graph to answer the next question. The economy is at equilibrium at point B. What would expansionary fiscal policy do?

A. Move the economy from point B towards point C.
B. Move the economy from point B towards point A.
C. Move the economy from point B downward along AD2.
D. Move the economy from point B upward along AD2.


Answer: B

Economics

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A stock mutual fund's primary advantage is to allow

A) investors to diversify away systematic risk. B) investors to diversify away all risk. C) investors to diversify away idiosyncratic risk. D) the rich to avoid taxes.

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When economic profits are negative, accounting profits could be:

A. positive. B. negative. C. zero. D. All of these are possible.

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According to the table shown, what is the firm's total revenue when 4 units are produced?

This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.

A. $160
B. $50
C. $200
D. $40

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Why are sellers willing to sell more at a higher price?

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