A demand curve displaying the relationship between the price of cars and the quantity demanded of cars should have a slope that is
a. less than 0.
b. between zero and 1.
c. between one and infinity.
d. undefined.
a
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Pat used to work as an aerobics instructor at the local gym earning $35,000 a year. Pat quit that job and started working as a personal trainer. Pat makes $50,000 in total annual revenue. Pat's only out-of-pocket costs are $12,000 per year for rent and utilities, $1,000 per year for advertising and $3,000 per year for equipment.For Pat to earn normal profit, Pat's accounting profit would have to be ________.
A. $50,000 B. $0 C. $15,000 D. $35,000
During the housing boom, the demand for mortgage-backed securities in the global market ______.
a. was very low b. was very high c. stemmed from high interest rates d. was eliminated by tariffs
Suppose that Marlen Fisher has legal protection against anyone producing and selling a fishing lure identical to his unique-action "MarFish" lure, whatever the competitor might name the lure. This legal protection is most likely to be a:
A. trademark. B. restraining order. C. patent. D. copyright.
What is the difference between personal income and disposable personal income?
A. depreciation B. net U.S. income earned abroad C. indirect personal taxes and transfers D. the amount of personal income taxes