Refer to Table 11.1. What is the value of net exports or the trade balance?
A) $300.
B) -$300.
C) $1,700.
D) -$1,700.
B
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Answer the next question on the basis of the following data. OutputTotal Cost0$24133241348454561669The average total cost of producing 3 units of output is
A. $14.00. B. $16.00. C. $12.00. D. $13.50.
A ________ yield curve predicts a future increase in inflation
A) steeply upward sloping B) slight upward sloping C) flat D) downward sloping
Ariana withdrew $400,000 out of her personal savings account and used it to start her new Internet cafe. The savings account pays 3 percent interest per year. During the first year of her business, Ariana sold 2,000 cups of coffee for $2.50 per cup and 4,000 hours of Internet time, also at $2.50 per hour. During the first year, the business made monetary outlays of $9,000 . You may assume that
there is no opportunity cost to Ariana's time. Ariana's accounting profit for the year was a. $-394,000. b. $-6,000. c. $6,000. d. $12,000.
Total Expenditure equals
What will be an ideal response?