Net investment is:
A. what is left over from total new private investment after depreciation.
B. the total amount of private investment purchases, whether new or previously existing.
C. the total amount of new private investment purchases.
D. gross investment plus depreciation.
Answer: A
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The possible alternatives for an oligopoly range from the monopoly case with ________ to the perfectly competitive case with ________
A) high output; low output B) low prices; high prices C) low profits; high profits D) low output; high output E) no cooperation among the firms; much cooperation among the firms
In the short-run Keynesian model, to close an expansionary gap of $10 billion dollars government purchases must be:
A. decreased by less than $10 billion. B. decreased by $10 billion. C. increased by $10 billion. D. increased by more than $10 billion.
the annual percentage rate of increase in the average price level
What will be an ideal response?
According to ________, an efficient mix of public goods is produced when local land/housing prices and taxes reflect consumer preferences.
A. Samuelson's theory B. the Coase theorem C. the Theory of Public Choice D. the Tiebout hypothesis