The above figure shows the cost curves for a competitive firm. If the market price is $15 per unit, the firm will earn profits of
A) $0.
B) $4.
C) $40.
D) $160.
D
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If there is a current account surplus, then there is a financial account deficit
Indicate whether the statement is true or false
An import quota
A) is a price ceiling imposed on an imported good. B) is a price floor imposed on an imported good. C) is a supply restriction limiting the quantity of a good that can be imported. D) is a legislative requirement stating that firms which import some of their merchandise must hire a certain number of immigrant workers.
If the nominal GDP is $16.2 trillion and money supply is $1.9 trillion, then the velocity is
a. 0.12. b. 16.2. c. 8.5. d. 1.9.
The present value of $250,000 in 10 years at 2 percent interest is approximately:
A. $205,087. B. $212,051. C. $305,194. D. $195,085.