Refer to the figure above. What is the initial equilibrium quantity of the good?
A) 20 units
B) 30 units
C) 35 units
D) 50 units
A
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In 2013, which component of U.S. GDP had a negative value?
A) government spending B) investment C) net exports D) Components of GDP cannot have a negative value.
If actual inflation is greater than expected inflation,
A) the unemployment rate rises. B) the Phillips curve is a vertical line. C) real wages fall. D) real wages rise.
If you are willing to sell your car business for $500,00 . and someone offers you $420,00 . for it, this transaction will generate:
a. There is no surplus created b. $80,00 . worth of seller surplus and unknown amount of buyer surplus c. $40,00 . worth of buyer surplus and $40,00 . of seller surplus d. $80,00 . worth of buyer surplus and unknown amount of seller surplus
Workers compete against workers who have:
A. totally different human capital. B. similar human capital. C. the exact same type of human capital. D. all levels of human capital.