The following national income data for an economy are in billions of dollars
Refer to the above data. The net private domestic investment in this economy is equal to:
A.
$1,793 billion
B.
-$424 billion
C.
$200 billion
D.
$1,643 billion
C.
$200 billion
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Suppose the Oakland Raiders football team increases their season ticket prices and total revenue from ticket sales falls, but not to zero. This fact means that the demand for Raiders tickets is
A) inelastic. B) elastic. C) unit elastic. D) perfectly elastic. E) perfectly inelastic.
Federal spending in nominal dollars (that is, dollars not adjusted for inflation) has grown by what multiple from 1960 to 2014?
a. 10 b. 23 c. 30 d. 38
Dumping occurs when a foreign firm sells its exports at a lower price than it costs to produce them
Indicate whether the statement is true or false
A reason why a firm's demand for labor curve slopes downward is that, holding everything else constant,
A) the extra cost of hiring additional units of labor increases as a firm hires more units of labor. B) as more labor is hired, labor's marginal product falls due to diminishing marginal returns. C) the firm's demand curve for the product produced by the labor is downward sloping. D) each additional unit of labor hired is less efficient than previously hired units.