If net investment spending in a nation is zero, we can conclude that:
a. gross investment exceeds the capital consumption allowance.
b. the capital consumption allowance exceeds gross investment.
c. imports equal exports.
d. gross investment equals the capital consumption allowance.
e. no investment goods were produced in the economy.
d
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In a competitive industry where different firms have different cost structures, the industry supply curve is:
A) upward sloping. B) downward sloping. C) vertical. D) horizontal.
The Sherman Act
a. created the Federal Trade Commission b. established the Department of Justice Guidelines c. regulated railroad and trucking industries d. outlawed restraints of trade e. forbade price discrimination
When an employer that controls the demand for labor opposes a union that controls the supply of labor, it is called a ________________.
Fill in the blank(s) with the appropriate word(s).
Assume the price of cola is $8 per unit and the price of pretzels is $4 per unit.Table 19.3Michael's Utility ScheduleUnits of ColaTU of ColaMU of ColaUnits of PretzelsTU of PretzelsMU of Pretzels14040130302 322 2039624366164112 478 5124 584 In Table 19.3 the marginal utility per dollar of the second cola is
A. 4. B. 12. C. 6. D. 10.