Government purchases
A) are determined by the public.
B) are determined by the political process.
C) are influenced by interest rates.
D) are determined by suppliers.
B
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Suppose Sarah owns a small company that makes wedding cakes. The table below shows how Sarah's total cost varies depending on the number of wedding cakes she makes each day.Number ofCakes Per DayTotal CostPer Day0$1001$1802$2203$3004$4005$5206$660Sarah's fixed cost is ________ per day.
A. $20 B. $200 C. $100 D. $10
According to the above table, the country will import the good if the world price is less than ________ and will export the good if the world price is more than ________
A) $4; $4 B) $4; $8 C) $10; $10 D) $8; $4 E) $6; $6
Because of the weak systems of property rights in many developing and transition economies, the financial system is unable to use collateral effectively worsening the ________ problem
A) adverse selection B) moral hazard C) principal/agent D) diversification
If the demand for milk is downward sloping, then an increase in the price of milk will result in a(n): a. increase in the demand for milk
b. decrease in the demand for milk. c. increase in the quantity of milk demanded. d. decrease in the quantity of milk demanded.