The above table depicts prices, quantities, and marginal costs faced by the campus bookstore. Based on marginal analysis, what is the profit-maximizing level of output for the bookstore?
A. 1 book
B. 2 books
C. 3 books
D. 4 books
Answer: C
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What is the per capita income of Genovia if its gross domestic product is $4,000,000 and total population is 20,000?
A) $120 B) $200 C) $400 D) $100
What is the impact of a government subsidy to producers?
A) Less is produced relative to the efficient level, creating a deadweight loss. B) More is produced relative to the efficient level, creating a deadweight loss. C) Producer surplus is increased, which creates a larger consumer surplus. D) Producers are able to sell the product at a higher price. E) Consumers must pay a higher price for the good.
A decrease in the liquidity of corporate bonds, other things being equal, shifts the demand curve for corporate bonds to the ________ and the demand curve for Treasury bonds shifts to the ________
A) right; right B) right; left C) left; left D) left; right
Which of the following will increase a country's real GDP per person?
a. imposing restrictions on foreign trade and foreign investment b. imposing restrictions on foreign trade and reducing restrictions on foreign investment c. reducing restrictions on foreign trade and imposing restrictions on foreign investment d. reducing restrictions on foreign trade and foreign investment