When companies reduce their inventories
A. the amount of the change gets subtracted from the GDP.
B. the amount of the change has no effect on the GDP.
C. net exports go up.
D. the amount of the change gets added to the GDP.
Answer: A
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Thinking as an economist would, which is TRUE of investment?
A) Investment is putting money into stocks and bonds. B) Investment is a stock concept. C) Investment represents spending on capital goods. D) It is the portion of disposable income that is not used for consumption or saving.
Which of the following statements is true of Malthus's theory?
A) Malthus suggested that fertility level of the population will remain constant over time. B) Malthus suggested that the life expectancy of the population will remain constant over time. C) Malthus suggested that in the long run, income levels will grow exponentially. D) Malthus suggested that in the long run, income levels will stay at subsistence.
A price increase will always cause a firm’s revenue to fall because they will sell less of the good.
Answer the following statement true (T) or false (F)
Refer to the table below. What is Crunchy Fruits total marginal cost to produce 13,250 units?
Crunchy Fruits makes dried fruit snacks. Crunchy Fruits has a multi-plant firm with two production facilities. The table above summarizes the marginal cost of production at the individual plants and the corresponding quantity produced at the individual plants.
A) $3.05
B) $1.80
C) $1.25
D) $3.00