Spending on new goods and services out of a household's current income is
A) consumption.
B) the capital consumption allowance.
C) savings.
D) investment.
A
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Refer to the table below. If at the current advertising level, A = $10,000, B = $15,000, and C = $8,000, to maximize profit, which of the following should the firm do?
The table above shows the current costs for a firm to advertising on the radio, television, and newspaper.
A) The firm should decrease its advertising on the radio and increase its advertising in newspapers.
B) The firm has optimally allocated their advertising budget, but that does not guarantee that they have maximized their profits.
C) The firm should decrease its advertising on the radio and increase its advertising on television.
D) The firm has optimally allocated their advertising budget, which guarantees they have maximized their profits.
Which of the following statements about the International Monetary Fund (IMF) is TRUE?
A) The IMF was created to finance long-term economic development projects in poor countries. B) The IMF was created to reduce tariff barriers between nations. C) The IMF functions as a central bank that conducts monetary policy for the world economy. D) The IMF obtains funds from quota subscriptions charged to member countries.
If aggregate demand in the U.S. had grown more slowly than it actually did in 2010, the
a. unemployment rate would have been even lower. b. inflation rate would have been even lower. c. unemployment rate would have been the same. d. economy would have grown faster.
In the former Soviet Union distributing scarce consumer goods was accomplished by
A. higher prices which eliminated some potential consumers. B. making the consumer stand in a long line for hours if not days. C. the government simply printing more money. D. None of the choices are true.