The United States exports
A) goods only.
B) services only.
C) manufactured goods only.
D) goods and services.
E) only agricultural products and high-tech goods.
D
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In the figure above, what is Gap's markup?
A) $50 B) $15 C) $35 D) zero
Refer to Figure 13-13. If the diagram represents a typical firm in the market, what is likely to happen in the long run?
A) Inefficient firms will exit the market and new cost-efficient firms will enter the market. B) New firms will enter the market causing the demand to decrease for existing firms. C) Competition will be intensified as firms strive to make long-run profits. D) Some firms will exit the market causing the demand to increase for firms remaining in the market.
The proposition that changes in the money supply have no long-run effect on real variables is known as the ________
A) classical dichotomy B) quantity theory of money C) neutrality of money D) Fisher effect E) none of the above
What part of federal government spending has grown the most rapidly in recent years?
a. national defense b. welfare c. interest on the national debt d. social security and Medicare e. all other forms of federal government spending