The Slippery Slope Company manufactures only snow skis. In 2016 Slippery Slope manufactured 10,000 snow skis, but sold 12,000 snow skis. In 2016 Slippery Slope's change in inventory was ________ snow skis.
A. -8,000
B. -2,000
C. 2,000
D. 22,000
Answer: B
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Which of the following four-firm concentration ratios is consistent with monopolistic competition?
A) 100 percent B) 75 percent C) 25 percent D) 0 percent E) 91 percent
Under a fixed exchange rate system, a central bank's intervention in the foreign exchange market will not affect the domestic money supply
Indicate whether the statement is true or false
In the above figure, the opportunity cost of moving from point D to point C is
A) 20 guitars. B) 50 ukuleles. C) 55 guitars. D) 25 ukuleles.
According to the text, Ethiopia probably has a low per capita real Gross Domestic Product (GDP) because
A. it has a corrupt government. B. it has a low rate of saving. C. it has too many resources. D. there are too many skilled workers in the country.