If depreciation exceeds gross investment:
What will be an ideal response?
the economy's stock of capital is shrinking
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According to Gordon, there is no pressing need for policies to reduce ________ unemployment
A) cyclical B) structural C) turnover D) mismatch
Excise taxes _____
a. can be ad valorem taxes b. can be unit taxes c. are taxes placed on particular types of goods d. all of the above e. b and c
If a firm in a perfectly competitive market faces a market price of $5, and it decides to produce 400 units, the firm's total revenue will be:
A. $2,000. B. $5. C. $405. D. $400.
Suppose the price of crude oil used to produce gasoline rises significantly. At the same time, consumers purchase electric cars in great numbers. In the market for gasoline, demand shifts to the ________ and supply shifts to the ________.
A. left, right B. right, left C. right, right D. left, left