___________ include all spending on labor, machinery, tools, and supplies purchased from other firms
a) Total revenue
b) Total profits
c) Average profit margin
d) Total cost
Answer: d) Total cost
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The proven-reserves figure used in most years-to-depletion calculations encompasses oil reserves that are ________ and ________ to extract
A) known; economical B) both known and unknown; economical C) known; both economical and uneconomical D) both known and unknown; both economical and uneconomical
Suppose output is $35 billion, government purchases are $10 billion, consumption is $15 billion, and net exports are $4 billion. Assume net factor payments equal 0
(a) Calculate the equilibrium amount of investment. Show your work. (b) Calculate the equilibrium amount of absorption. Show your work. (c) Calculate the equilibrium amount of the financial account balance. Show your work.
One mechanism through which increasing public debt may impact the economy is that the resulting
A) increased competition for funds increases interest rates and causes a reduction in investment. B) increased competition for funds decreases interest rates and causes an increase in investment. C) decreased competition for funds decreases interest rates and causes a reduction in investment. D) decreased competition for funds decreases interest rates and causes an increase in investment.
Which of the following types of unions did the CIO promote?
A) craft unions B) public sector unions C) industrial unions D) military unions