The rate of growth of output per capita for the United States and France between 1985 and 2014 has been caused by
A) the rate of technological progress.
B) the saving rate.
C) the accumulation of capital.
D) the rate of growth of N.
A
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If, for a given output level, a perfectly competitive firm's price is less than its average variable cost, the firm
A) is earning a profit. B) should increase output. C) should increase price. D) should shut down.
Which of the following owns the largest proportion of the national debt?
a. Foreigners. b. Federal, state, and local governments and the Federal Reserve. c. Private individuals, banks, and corporations. d. None of these.
As the price of movie tickets increases, which of the following is most likely to happen?
a. The demand for DVDs will increase. b. The quantity of books demanded will decrease. c. The number of Broadway tickets purchased will decrease. d. The prices of popcorn and soda will increase. e. The number of movies being produced will decrease.
When price exceeds average variable cost for a firm, it is possible that: a. it is earning an economic profit. b. it is breaking even
c. it is suffering an economic loss. d. any of the above is true.