Which of the following is NOT included in aggregate demand?
A) Demand for goods and services for consumption
B) Investment in business plant and equipment
C) Net exports
D) Investment in Treasury bonds
D
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Oligopoly is about the ____________ and monopolistic competition is about the ______________.
A. number of firms; variety of products B. variety of products; barriers to entry C. barriers to entry; number of firms D. variety of products; number of firms
A country should export the goods in which it has an absolute advantage
a. True b. False Indicate whether the statement is true or false
Under a progressive tax system: a. only the rich are taxed
b. higher marginal taxes are imposed on higher incomes. c. lower taxes are imposed on everyone. d. everyone pays the same percent of their income for tax.
Which of the following is a definition of value added? Revenue received by a firm for its output
a. minus the cost of all the final goods bought b. plus the cost of all the intermediate goods bought c. minus the cost of all the intermediate goods bought d. minus the cost of all interest payments e. plus the cost of all the final goods bought