Karl Marx published:
a. Das Kapital. b. General Theory of Communism.
c. The Wealth of Nations. d. Capitalist Manifesto.
a
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In the figure above, curve B is the ________ curve
A) average fixed cost B) average variable cost C) average total cost D) marginal cost
Given the equations for C, I, G, and NX below, what is the marginal propensity to save?
C = 1,000 + 0.8Y I = 1,500 G =1,250 NX = 100 A) 0.2 B) 0.8 C) 1.8 D) 10
If consumers value the product-specific services for a new smartphone at $25, if retailers offer the product-specific services for the smartphone, the market ________ will ________.
A) demand; not shift B) demand; shift to the left C) supply; shift to the right D) demand; shift to the right
According to the law of supply:
a. producers are willing to supply larger amounts of a good as its price increases. b. a direct relationship exists between the price of a good and the amount buyers choose to buy. c. an inverse relationship exists between the price of a good and the amount buyers wish to buy. d. an inverse relationship exists between the price of a good and the amount producers supply.