Harry spent $39,000 in 2009 and $42,000 in 2014 on goods and services. The consumer price index was 220 for 2009 and 231 for 2014 . Harry's 2014 spending in 2009 dollars is about
a. $40,000.
b. $44,100.
c. $37,838.
d. $40,091.
a
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In Figure 3-4 above, an equilibrium income of 2000 occurs when planned autonomous spending is
A) 750. B) 800. C) 1250. D) 250.
According to the table shown, the firm's marginal costs:
This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.
A. are constant.
B. increase as output increases.
C. decrease until the 2nd unit, then increase.
D. increase until the 4th unit, then decrease.
A tradesman who purchases diamonds in a country where the price is low and sells them in another country where the price is high, can be said to be practicing:
a. arbitrage. b. speculation. c. derivatives trading. d. forecasting.
Binding price floors cause a surplus in the market
a. True b. False Indicate whether the statement is true or false