If a monopolistically competitive firm earns $500,000 by selling 25,000 units of output, the price of its product is $25
a. True
b. False
Indicate whether the statement is true or false
False
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Capital goods are typically purchased to ________. They get included in GDP ________
A) replace raw materials; in the year they are produced B) enable the investor to produce other goods and services; in each year they are utilized C) enable the investor to consume less in the current period; as they are used up in the stages of production D) enable the investor to produce other goods and services; in the year they are produced E) none of the above
Which country received the most U.S. exports in 2015?
A. Canada B. China C. Mexico D. Japan
As per WTO rules, can the U.S. require cars from Germany to limit the amount of emissions that these cars release into the atmosphere?
What will be an ideal response?
Refer to the information provided in Figure 3.11 below to answer the following question(s).
Figure 3.11Refer to Figure 3.11. An increase in the wage rate of gardenburger makers will cause a movement from Point B on supply curve S2 to
A. Point C on supply curve S2. B. Point A on supply curve S2. C. supply curve S3. D. supply curve S1.