Which of the following would most likely be sold in the product markets?
A. plastic material
B. entrepreneurial ability
C. a portable power bank
D. stocks and bonds
Answer: C
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Using the table, Johnny's marginal cost of the 600th slice of pizza is
A) $3.50. B) $12.50. C) zero. D) $1.50.
The difference between gross and net investment is referred to as:
a. a personal tax. b. the income earned but not received. c. a capital consumption allowance. d. an indirect business tax. e. a statistical discrepancy.
The long-run aggregate supply curve shifts left if
a. the capital stock increases. b. there is a natural disaster. c. the government removes some environmental regulations that limit production methods. d. None of the above is correct.
Which of the following would help eliminate the trade deficit?
A. Reduced reservation wages B. Lower tariffs C. Expansionary fiscal policy D. A rise in the exchange rate