Consumers in a country buy only two goods, pens and CDs. The prices and quantities purchased by urban households are in the table above. If 2011 is the reference base year, the cost of the CPI market basket in the base year is
A) $3,400.
B) $3,408.
C) $3,580.
D) $3,508.
E) $3,500.
A
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In perfect competition, there are differences in the products sold by various firms.
Answer the following statement true (T) or false (F)
Which of the following would appear on the asset side of a commercial bank balance sheet?
a. Loans. b. Checkable deposits. c. Savings deposits. d. Net worth.
Gdp
a. is used to monitor the performance of the overall economy but is not the single best measure of a society's economic well-being. b. is used to monitor the performance of the overall economy and is the single best measure of a society's economic well-being. c. is not used to monitor the performance of the overall economy but is the single best measure of a society's economic well-being. d. is not used to monitor the performance of the overall economy and is not the single best measure of a society's economic well-being.
By instituting performance-based rewards to CEOs the profits of firms will:
A. remain constant. B. rise. C. fall. D. None of the statements is correct.