Refer to the information provided in Figure 11.1 below to answer the question(s) that follow.
Figure 11.1 Refer to Figure 11.1. If the market rate of interest is 8%, this firm's investment will total
A. $5,000.
B. $7,000.
C. $12,000.
D. $15,000.
Answer: B
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During the colonial period, commodities that could only be exported legally to Britain were known as _______
a. Foxwell goods. b. tariff goods. c. scot-free goods. d. enumerated goods.
An example of an intangible good is: a. an automobile. b. a new house
c. a snowplow. d. friendship.
Which of the following statements best describes the problems faced by workers in low- income countries?
a. The real problem for many workers in low-income countries is that globalization has made their lives worse, and that they have so few good life alternatives. b. The real problem for many workers in low-income countries is that globalization has made their lives worse, although it has created a few good life alternatives. c. The real problem for many workers in low-income countries is not that globalization has made their lives worse, but rather that they now have so many life alternatives. d. The real problem for many workers in low-income countries is not that globalization has made their lives worse, but rather that they have so few good life alternatives.
A decrease in the availability of an important major resource such as oil shifts
a. aggregate supply right. b. aggregate supply left. c. aggregate demand right. d. aggregate demand left.