The above table gives data for the nation of Sueland. What is the government sector balance?
A) $1,772 billion
B) $32 billion
C) -$43 billion
D) -$32 billion
D
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The small town of Narberth has two pizza stores. Which of the following statements are CORRECT?
I. The profits of each store depend on the price of the pizza at the other store. II. Both stores would increase their profit if they cooperated in setting their prices. A) I only B) II only C) Both I and II D) Neither I nor II
Tris owns the only auto repair shop on Lonely Island. Tris is a single-price monopoly, so Tris operates on the ________ part of the ________ curve
A) elastic; supply B) inelastic; supply C) inelastic; demand D) elastic; demand
Suppose the market supply curve is p = 5 + Q. If price increases from 10 to 15, the change in producer surplus is
A) 12.5. B) 5. C) 50. D) 37.5.
If businesses buy fewer capital goods, and nothing else changes, then total expenditures on U.S. goods and services will decrease. And if total expenditures decrease, then __________ will decrease; consequently, the __________ curve will shift __________
A) aggregate demand (AD); AD; rightward B) short-run aggregate supply (SRAS); SRAS; leftward C) aggregate demand (AD); AD; leftward D) interest rates; AD; leftward E) prices; AD; rightward