Which of the following is most likely to increase the net inflow of foreign capital?
a. an increase in the rate of inflation
b. a decline in real GDP as the economy falls into a recession
c. a reduction in domestic investment
d. an increase in the real interest rate in the loanable funds market
D
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Total revenue for a seller represents the amount that:
a. sellers receive for a good or service which is computed as P ÷ Q. b. sellers receive for a good or service which is computed as P Q. c. one buyer spends on a good or service which is computed as P Q. d. one buyer spends on a good or service which is computed as P ÷ Q.
Which furniture production process would have the highest furniture prices?
A. Furniture made by handsaw and hammer B. Furniture made with power equipment C. Furniture with a mix of handmade and automated labor D. Furniture made in an automated furniture factory
Exhibit 8-12 Marginal revenue and cost per unit curves
As shown in Exhibit 8-12, the firm's short-run supply curve is the:
A. entire marginal cost curve. B. rising part of marginal cost beginning at E. C. rising part of marginal cost beginning at F. D. entire marginal revenue curve.
An economic system is
A) the universe of all resources. B) a way to create new resources. C) a mechanism to allocate scarce resources. D) an organization that generates profits.