The variable cost of zero units of output is equal to
A. zero.
B. total cost.
C. total fixed cost.
D. one.
Answer: A
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In the bond market, the market equilibrium shows the market-clearing ________ and market-clearing ________
A) price; deposit B) interest rate; deposit C) price; interest rate D) interest rate; premium
Which of the following statements most accurately describes the role of banks in the United States between the Civil War and WWI?
a. The U.S., which had the largest economy in the world, also had the largest banks in the world. b. Banking reforms increased the ability of state banks to issue their own notes. c. Compared to state banks, national banks generally had higher reserve requirements and more restrictions on how they could handle their assets. d. Those who borrowed money at fixed interest rates gain significantly during deflationary periods.
If the MPS = .25, and investment falls from $100 to $75, real GDP will decrease by:
a. $25. b. $75. c. $150. d. $125. e. $100.
In the knowledge economy
A) the supply chain has been decomposed. B) property rights have been altered. C) increasing returns may occur more often. D) all of these choices.