Fiscal and monetary policy are conducted by _____ people to attain ______ goals.
A. the same; the same
B. different; different
C. the same; different
D. different; the same
D. different; the same
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When marginal cost is greater than average total cost, the
A) marginal cost decreases as output increases. B) marginal cost does not change as output increases. C) average total cost increases as output increases. D) average total cost decreases as output increases.
Which of the following is not one of the fundamental economic questions all societies must face? a. What goods and services are to be produced?
b. How goods and services are to be produced? c. Which goods and services are to be produced by the government? d. Who is to receive the goods and services produced in the society?
The sum of the value added at every stage of production is equal to the
a. final selling price of a product b. value of all the intermediate transactions in the production process c. value of national income in the economy d. value of net domestic product in the economy e. value of all the inventories in the economy
Which of the following would be recorded in the U.S. goods export account?
A. Harry, an American citizen, spends 1,000 francs on vacation in the south of France. B. A machine shop in Ohio purchases a grinder made in Italy. C. Martha receives a $50 dividend check on stock she owns in a business in Germany. D. France purchases a new jet fighter aircraft from the Boeing Company in the United States.