In 2017, corporate profits were about ____ percent of national income.
A. 7.2
B. 12.6
C. 25.3
D. 44.1
Answer: B
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Refer to the above figure. Given our current level of technology and resources, the unobtainable point(s) of production would be
A) points a and c. B) point a. C) point b. D) point c.
Usually, the shape of a firm's total variable cost curve primarily reflects the cost of
a. labor b. taxes c. energy d. depreciation e. raw materials
According to Baumol and Blinder, the real-world multiplier will be smaller than 1/(1 ? MPC) because the 1/(1 ? MPC) measure is based on
a. a model that ignores inflation associated with the expansion of income. b. a model that ignores taxes that tend to change as income changes. c. a model that ignores the effects of international trade. d. all of the above.
What water price structure is most common in the United States?
a. Uniform block structure b. Constant price structure c. Increasing block structure d. Decreasing block structure e. Marginal price structure Feedback