In the present, most of the exports from China are
A) manufactured goods.
B) services.
C) primary products including agricultural.
D) technology intensive products.
E) overpriced by world market standards.
A
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An income effect
A. is measured as the change in prices over time. B. is not possible when people are unemployed. C. requires interest rates to remain constant. D. is the change in the quantity demand, due to the fact that real income changes when prices change.
This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.PriceQuantityTC$500$10.00$501$20.00$502$27.50$503$77.50$504$147.50$505$250.00According to the table shown, the firm's marginal revenue:
A. decreases as output increases. B. increases until the 3rd unit, then decreases. C. increases as output increases. D. is constant.
The reason that some people make more money than others is explained mainly by
A. training and education. B. intelligence. C. inborn skills or physical attributes. D. all of the choices/statements are true.
The blame for failing to address the budget deficits of the 1980s and early 1990s
A. is clearly the fault of the Republican administrations. B. is clearly the fault of the Democratic Congresses. C. is a political question rather than an economic question. D. is an economic question rather than a political question.