The price of the good multiplied by the quantity sold is its
A) total revenue.
B) total cost.
C) total spending.
D) total income.
E) total quantity.
A
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In what sense does the IMF act as a lender of last resort? How might the IMF's actions during the Mexican crisis of the mid-1990s have contributed to the Asian currency crisis a few years later?
What will be an ideal response?
Which of the following is true about inflation?
a. Inflation increases purchasing power. b. Inflation redistributes income to savers. c. Inflation shows the real value of goods and services. d. Inflation distorts the signals of value people gain from prices.
Which of the following groups would be most optimistic about the effects of economic growth?
A. Environmentalists B. Psychologists C. Economists D. Political Scientists
A nominal quantity is measured:
A. in terms of current dollar value. B. in physical terms. C. using the consumer price index. D. by indexing.