A firm with a fixed cost of $300 every month and variable cost of $200 every month decides to shut down. In such a situation it would lose:
A) $200 every month.
B) $300 every month.
C) $500 every month.
D) $0 every month.
B
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Suppose that when the price of hamburgers increases, the Ruiz family increases their purchases of hot dogs. To the Ruiz family
A) hamburgers and hot dogs are normal goods. B) hamburgers and hot dogs are substitutes. C) hamburgers and hot dogs are inferior goods. D) hamburgers and hot dogs are complements.
Since the 1950s, total private sector expenditures in the United States fell by half to 50 percent of GDP
a. True b. False Indicate whether the statement is true or false
Which of the following will most likely cause a nation's currency to appreciate on the foreign exchange market?
a. A decrease in domestic interest rates b. An increase in foreign interest rates c. Domestic inflation of 10 percent while the nation's trading partners are experiencing stable prices d. Stable domestic prices while the nation's trading partners are experiencing 10 percent inflation
If M3 were 2,000, small denomination time deposits were 300, and large denomination time deposits were 400, how much would M2 be?
Fill in the blank(s) with the appropriate word(s).