Refer to the information provided in Figure 4.5 below to answer the question(s) that follow.
Figure 4.5Refer to Figure 4.5. At the world price of $15 per CD-Rom drive, the United States imports ________ million CD-Rom drives.
A. 3
B. 6
C. 9
D. 12
Answer: C
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When bad storms slow the check-clearing process, float tends to ________ causing the Fed to initiate ________ open market ________
A) decrease; defensive; sales B) decrease; dynamic; purchases C) increase; defensive; sales D) increase; dynamic; purchases
According to the search model, Consumer Reports magazine benefits consumers by increasing the marginal benefit of information
a. True b. False
The economy's self-correcting mechanism is such that demand shocks are offset in the long run by shifts of aggregate supply and supply shocks are offset by shifts of aggregate demand
a. True b. False
Average total cost is found by dividing
A. variable cost by output. B. output by variable cost. C. total cost by output. D. output by total cost.