An industry with a positive-sloping long-run supply curve is called a(n) ________ industry.
A. decreasing-profit
B. decreasing-cost
C. increasing-cost
D. constant-cost
Answer: C
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Based on data from 2016, annual imports to the United States were approximately ____ and annual exports from the United States were approximately ____.
A. $0.6 trillion; $1.5 trillion B. $2.2 trillion; $0.7 trillion C. $2.9 trillion; $2.3 trillion D. $1.5 trillion; $2.0 trillion E. $2.0 trillion; $2.0 trillion
Your wage this year is $15 per hour and the CPI is 178. Next year you get a raise to $17 and the CPI rises to 185. What has happened?
A) Your real and nominal wages have each increased by the same percentage. B) Your real wage has increased but by a smaller percentage than your nominal wage. C) Your nominal wage has increased but your real wage has declined. D) Your nominal wage has increased but your real wage has not changed. E) Your real wage rate has increased by a larger percentage than your nominal wage.
Corporations obtain funds when their previously issued stock is traded
a. True b. False Indicate whether the statement is true or false
The introduction of credit cards and debit cards has ________ velocity.
A. decreased B. increased C. eliminated D. had no impact on