Which of the following is not an example of a natural resource?
A. Piece of machinery
B. Forest
C. Coal deposit
D. River
Answer: A
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What type of market has few sellers?
A) perfect competition B) monopolistic competition C) oligopoly D) monopoly
A U.S. firm buys sardines from Morocco and pays for them with U.S. dollars. Other things the same, U.S. net exports
a. increase, and U.S. net capital outflow increases. b. increase, and U.S. net capital outflow decreases. c. decrease, and U.S. net capital outflow increases. d. decrease, and U.S. net capital outflow decreases.
The stock of capital ________ with any gross investment and ________ with any depreciation.
A. increases; increases B. increases; decreases C. decreases; increases D. decreases; decreases
Profit per unit is maximized when the firm produces the output where
A. The MC is minimized. B. The ATC is minimized. C. MC equals MR. D. Demand equals MC.