Government purchases, under the expenditure approach to GDP accounting, includes all of the following except:
a. welfare payments
b. salaries of senators.
c. fighter jets purchased by the government.
d. the military payroll.
a
Economics
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Refer to the table above. If the rental price of machines is $140 per day, up to how many machines should the firm rent?
A) 2 B) 3 C) 4 D) 5
Economics
If a firm is able to influence its price,
A) it is a monopoly. B) it has constant marginal revenue. C) it sells its output at a constant price. D) it faces a downward-sloping demand curve.
Economics
Predatory price cutting means reducing prices
What will be an ideal response?
Economics
A leftward shift of the supply curve will lead to an
A) increase in equilibrium price. B) excess supply at the old equilibrium price. C) increase in quantity supplied. D) All of the above.
Economics