In the above figure, at the profit-maximizing rate of production for the perfectly competitive firm profit is
A) $100.
B) $70.
C) $30.
D) $130.
C
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Every financial market has the following characteristic
A) It determines the level of interest rates. B) It allows common stock to be traded. C) It allows loans to be made. D) It channels funds from lenders-savers to borrowers-spenders.
With the increasing normalization of relations with China, more and more Chinese goods appear on the U.S. market. Haven't you noticed it? If we buy more from China than China buys from us, then
a. the Chinese currency (the yuan) appreciates and we have an unfavorable balance of trade with China b. the Chinese currency (the yuan) depreciates and we have an unfavorable balance of trade with China c. the Chinese currency (the yuan) appreciates and we have a favorable balance of trade with China d. our balance of payments becomes increasingly negative e. our balance of payments becomes increasingly positive
Which of the following provides the fuel for growth and achievement of high income levels?
a. gains from trade b. entrepreneurial discovery c. capital formation d. all of the above
Which of the following categories of GDP can possibly be negative?
A. Net exports and changes in private inventories only B. Net exports only C. Changes in private inventories only D. None of the categories