Which of the following statements is true?
A. TC = TFC ? TVC
B. AVC = TC / Q
C. TFC = TC ? TVC
D. MC equals the change in ATC divided by the change in Q.
Answer: C
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Investment is defined as
A) the purchase of a stock or bond. B) the purchase of new capital goods by firms. C) spending on capital goods by governments. D) what consumers do with their savings. E) financial capital.
When economists, policymakers, or journalists refer to the Fed's balance sheet, they are typically referring to the:
A) money supply B) size of the Fed's assets C) amount of bank reserves D) amount of foreign reserves
Over the past 50 years, the exports of developing countries have shifted toward ___________
A) agricultural products. B) retail/wholesale. C) financial services. D) mineral products. E) manufactured products.
Referring to Table 4.2, Box E should be filled with 
A. $3. B. $0. C. $30. D. $20.