According to the graph shown, the profits at point A are:
A. higher than those at point B.
B. lower than those at point B.
C. the same as those at point B.
D. higher than those at point C.
B. lower than those at point B.
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In economic models, variables taken as given and not explained by the model are called ________ variables
A) exogenous B) endogenous. C) short-run. D) long-run. E) nominal.
Read "Teen Pregnancy Prevention: Welfare Reform's Missing Component," by Isabel Sawhill of the Brookings Institution
Is this an example of positive economics, normative economics, or a combination of both positive and normative economics? Briefly state the positive and/or normative economic arguments that are embedded in this article.
Tools a government might use to pursue industrial policy might be all of the following except:
A. incentives for foreign direct investment. B. offer tax breaks to firms. C. investment in research to create more growth. D. directly manipulate markets in order to control prices.
Supply is the relationship between the ____ and the ____ of a good when all other things remain the same. Question 21 options:
A. supply schedule; price B. quantity supplied; price C. quantity supplied; selling plans D. quantity supplied; number of sellers E. supply curve; supply schedule