Mobil Energy Corp has a monopoly on gas sales in Texas. If the price of oil increases, the price of gas will
a. increase.
b. decrease.
c. remains the same.
d. may increase or decrease.
a
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The United States economy ______________ operates on its production possibility curve.
A. Always B. Sometimes C. Never
Suppose Mail Boxes Etc. buys a new copier for its store for $1000. A year later, when the firm wants to upgrade to a new copier, it finds that the old copier is only worth $750. Over the year the copier was used, ________ has occurred
A) replacement investment B) gross investment C) depreciation D) net investment
Large companies with good credit ratings tend to rely on __________ for short-term financing
A) the commercial paper market B) private placements C) finance companies D) equity
Ceteris paribus, a decline in the general price level in the United States will make foreign-produced goods relatively more expensive to the U.S. residents and increase the aggregate demand of domestic goods
a. True b. False Indicate whether the statement is true or false