Which of the following is not a leading economic indicator?
a. Prices of common stock
b. Number of new businesses formed
c. Unemployment rate
d. New orders for plants and equipment
c
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Refer to Figure 7-3. What is the value of the deadweight loss as a result of the quota?
A) $5.25 million B) $8 million C) $17.25 million D) $20 million
If the managers of Happy Avocados, a ready-made guacamole firm, spend considerable time researching different prices and quality measures offered by multiple avocado farmers, the time spent is considered to be a(n) ________ cost.
A) information B) negotiation C) monitoring D) enforcement
In 2008-2009 the U.S. economy provided a
a. healthy climate for investment spending. b. change in aggregate demand that fostered more capital formation. c. sluggish climate for investment spending. d. booming economy that spurred investment spending.
Deflating a nominal quantity is the process of dividing a ________ quantity by a ________ in order to express the quantity in ________ terms.
A. real; nominal quantity; real B. nominal; price index; real C. real; price index; nominal D. nominal; real quantity; nominal