International capital flows are purchases and sales of ____ across national borders
a. goods
b. financial assets
c. services
d. commodities
b
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In the production function Y = A(G,P,T) F(K,R,H,N), the factors that affect the entire production process are
A) G,R,H. B) G,P,T. C) P,T,K. D) KRHN.
Private costs are
A) external costs borne by private firms. B) explicit costs rather than implicit costs. C) costs borne by private members of society rather than governmental bodies. D) costs borne solely by the individuals who incur them.
In the United States, the wealthiest 20 percent of households own about ________ of total wealth
A) 44 percent B) 53 percent C) 62 percent D) 83 percent
Refer to Figure 16-6. Suppose instead of charging the monopoly price for his classes, Sensei charges the competitive price. What is the competitive price and what is the quantity demanded at this price?
A) P1, Q0 B) P0, Q1 C) P1, Q1 D) P0, Q0