In the above figure, if the price is P1 and the firm produced Q3, the firm's economic profit is ________ than if it produced Q1 and ________ than if it produced Q2
A) less; less
B) less; more
C) more; less
D) more; more
A
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In October 2012, the largest liability of the Fed was
A) currency in circulation. B) reserves. C) discount loans to banks. D) vault cash.
Most U.S. redistribution occurs from _____
a. high-income individuals to low-income individuals b. middle-income individuals to low-income individuals c. middle-income individuals to middle-income individuals d. low-income individuals to middle-income individuals
Countries that typically run a trade surplus are:
A. China, Germany and the US. B. China, Germany, and Japan. C. Japan, Germany and the US D. China, Japan, and the US.
Which of the following are included in GDP?
a. Traffic congestion b. Crime c. Pollution d. Underground economic activity e. None of the above