A firm whose price is below its average cost:
a. is earning negative economic profit.
b. is earning positive economic profit.
c. is just breaking even.
d. is earning zero economic profit.
e. is earning zero accounting profit.
a
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Major macroeconomic questions include all of the following EXCEPT:
A. Why does inflation vary over time and across countries? B. What causes differences in wages between men and women? C. What causes economic growth? D. What are the causes of unemployment?
The U.S. Postal Service expenditures are off-budget
a. True b. False
The supply of foreign exchange to the United States is generated by the desire for foreigners to acquire dollars for all except one of the following reasons. Which is the exception?
a. The United States is considered a safe haven in times of political unrest. b. The dollar has long been accepted as an international medium of exchange. c. Foreigners want to buy U.S. assets. d. U.S. goods have become less attractive to foreigners. e. Foreigners wish to make cash gifts to family in the United States.
The Treasury finances government spending by
A) selling securities. B) collecting taxes. C) by collecting tariffs. D) all of these choices are possible.