Since 1994 the number of people on the welfare rolls has
A. risen substantially.
B. risen slightly.
C. stayed about the same.
D. fallen substantially.
D. fallen substantially.
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Value added equals the market price of the firm's product minus
A) the price of intermediate goods. B) wages and salaries. C) the price of all factors of production. D) depreciation on plant and equipment.
If the United States is a "net borrower" from abroad
A) net foreign investment must be positive. B) national saving is less than domestic investment. C) the United States must be exporting more than it is importing. D) net capital flows must be negative.
In the short-run:
a. All costs are variable b. Some costs are fixed and some costs are variable c. There are no fixed inputs d. The firm is not constrained to vary output
Cross-elasticity of demand measures the responsiveness of the quantity demanded of one good to a change in the price of another good
a. True b. False Indicate whether the statement is true or false