If you knew that the vertical intercept for a straight line was 15, that the slope was -.5, and that the independent variable had a value of 8, the value of the dependent variable would be:
A. 8
B. 9
C. 10
D. 11
Answer: D
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Specialization and trade do not allow individuals, firms, or even nations to acquire goods that lie beyond their production capabilities
a. True b. False Indicate whether the statement is true or false
Major U.S. exporters would be likely to oppose the sort of protectionist policies favored by domestic producers that compete with imports
a. True b. False Indicate whether the statement is true or false
The price at which a firm is indifferent between producing and shutting down is called the
a. shutdown price. b. lockdown price. c. marginal cost. d. minimum supply price.
The value of a basket of goods and services in 2010 and 2012 were $800 and $900, respectively. If 2012was the base year, the price index for this base year was _____
a. 88.9 b. 100 c. 120 d. 112.5