In this graph, what does point A show?
a. the demand level at the equilibrium quantity and marginal cost
b. the demand level at the equilibrium quantity and profit-maximizing price
c. the average total cost at the profit quantity and marginal cost
d. the average total cost and the profit quantity and profit-maximizing price
b. the demand level at the equilibrium quantity and profit-maximizing price
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Which of the following statements is TRUE about the success of the World Bank?
A) The World Bank has been successful because it has focused on its primary function of making loans to governments. B) The World Bank has not been successful because it has focused on making loans to governments where there has been a loss of confidence in a nation's financial system. C) The World Bank has not been successful because many loans have been made to countries that can attract private funds. D) The World Bank has been very successful in promoting economic growth because loans have been primarily made to countries that have trouble attracting private funds.
Suppose the market for guitars "clears" at a price of $500 per guitar. What does the above statement mean?
A) Nothing, if an economist made the statement. B) Guitars are no longer a scarce good. C) The plans of guitar buyers and sellers are coordinated. D) There is no longer a demand for guitars.
College students often spend summers in internships that pay little or no income because internships provide benefits in the form of higher future incomes
a. True b. False
Which of the following is correct?
A. Current account surplus + capital account surplus = 1 B. Current account surplus ? capital account surplus = 0 C. Current account surplus + capital account surplus = 0 D. Current account surplus ? capital account surplus = 1