As of the year 2000, services accounted for what percentage of total U.S. output?
A. 50 percent.
B. 90 percent.
C. 80 percent.
D. 25 percent.
Answer: C
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Checkable deposits are included in
A. M1 but not in M2. B. M2 but not in M1. C. both M1 and M2. D. neither M1 nor M2.
When perfectly competitive firms are earning zero accounting profits, a. we would expect entry into the industry
b. we would expect stability in the industry, since it is in long run equilibrium. c. we would expect exit from the industry. d. we would expect none of the above.
What is intra-industry trade?
a. trade in different goods between two countries b. trade in the same company between countries c. trade in the same industry between two countries d. trade in different goods in different countries
Pure public goods:
A. are, by definition, goods and services provided by the government. B. should always be provided by government. C. should always be provided by private firms. D. are frequently provided by the government, and are sometimes provided by private firms.