Having a goal that does not include making a profit can often explain why the unprofitable idea has not been implemented. These types of ideas may include:
A. promoting social justice.
B. helping the poor.
C. making great art.
D. All of these.
Answer: D
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An oligopolist operating with a kinked demand curve would expect rivals to match its price:
a. increases. b. decreases. c. both a and b. d. neither a nor b.
Suppose that personal income is $250 billion. Furthermore, assume that retained corporate earnings are $2 billion, social security taxes are $15 billion, social security benefit checks equal $16 billion, the capital consumption allowance is $32 billion, and corporate taxes amount to $40 billion. What will be the value of net national product in this country?
a. $209 billion b. $219 billion c. $283 billion d. $291 billion e. $323 billion
Economists agree that the cause of the slow economic growth during the 1970s was the tight fiscal policy.
Answer the following statement true (T) or false (F)
A factor tending to slow the U.S. economy early in the recession of 2007-2009 was
A. historically-low interest rates. B. sharply-rising crude oil prices. C. unprecedented levels of federal deficit spending. D. rapid growth of the money stock.