For most consumers, the process of gathering information can be considered
a. irrational
b. unproductive
c. a vocation
d. nonmarket work
e. costless
D
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If autonomous expenditure increases with no change in the price level, what happens to the AE curve and the AD curve? Which curve shifts by an amount that is determined by the multiplier and why?
What will be an ideal response?
In general, there is a(n) ________ relationship between the height/strength of the barriers and the number of firms in an industry
A) direct B) inverse C) constant D) random
International macroeconomic policy coordination would give countries the opportunity to avoid beggar-thy-neighbor policies.
Answer the following statement true (T) or false (F)
If fixed cost is $5,000, and, at an output of 3 variable cost is $4,000, how much is average total cost at an output of 3?
A. $1,333.33 B. $3,000 C. $4,500 D. $9,000