Americans will benefit if China has enough purchasing power to enable its people to buy American products
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
In the figure above, what is the size of the multiplier?
A) 0.25 B) $2 trillion C) 4.0 D) $0.5 trillion E) More information is needed to determine the size of the multiplier.
Homebuilders will often pay the closing costs (title, insurance, etc.) of prospective homebuyers? Explain in terms of supply and demand what homebuilders are trying to do with this practice
What will be an ideal response?
A non-discriminating monopolist's marginal revenue curve lies below its demand curve because
a. economists put it there by convention b. in order to earn more profit, the monopolist must charge higher prices c. a monopolist gouges its customers d. in order to increase their profits, monopolists must produce in the inelastic range of the demand curve e. in order to increase the number of units sold, the firm must lower the price on all units sold
A new pinball machine will generate $3,000 in additional revenue each year for a game arcade. It has a useful life of three years. Assume that each year's income is received at the end of the year. If the interest rate is 10 percent (0.10) per year,, what is the present value of a new pinball machine to the arcade?
a. $6,761.83 b. $8,181.82 c. $9,000.00 d. $7,460.56 e. $8,206.61