A trade deficit refers to a situation where:
A. Government spending (including transfer payments) exceeds tax revenues
B. A nation's purchases from other nations are less than its sales to other nations
C. Assets are less than liabilities
D. Exports are less than imports
D. Exports are less than imports
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Using the one-period valuation model, assuming a year-end dividend of $1.00, an expected sales price of $100, and a required rate of return of 5%, the current price of the stock would be
A) $110.00. B) $101.00. C) $100.00. D) $96.19.
A perfectly competitive firm in the short-run maximizes its profit by producing the output where:
a. marginal cost equals price. b. marginal cost equals marginal revenue. c. total revenue minus total cost is at a maximum. d. all of these.
Tim's opportunity cost of selling his car is $20,000 . Rebecca, who is a likely buyer, values that car at $25,000 . Calculate the economic value this transaction can create if Rebecca pays $23,500 for Tim's car
a. $1,500 b. $5,000 c. $3,500 d. $2,000
In the short run, average variable cost is always less than average total cost
a. True b. False Indicate whether the statement is true or false