Using the information in the table shown, the rate of inflation from 2005 to 2006 was:
A. 5.32 %.
B. 5.05 %.
C. 5.00 %.
D. 6.00 %.
A. 5.32 %.
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A country's balance of payments accounts records its
A) international exports and imports and nothing else. B) international trading, borrowing, and lending. C) tax receipts and expenditures. D) tariffs and nontariff revenue and government purchases. E) tariff receipts and what it pays in tariffs to other nations.
Due to the impact of increasing returns to scale, smaller firms can produce at a lower average total cost than larger firms
a. True b. False Indicate whether the statement is true or false
Investment in human capital has opportunity costs, but investment in physical capital does not
a. True b. False Indicate whether the statement is true or false
Moving downward and to the right along a linear demand curve, we know that total revenue
a. first increases, then decreases. b. first decreases, then increases. c. always increases. d. always decreases.