The bulk of exports from developed countries consists of:?
A. raw materials.
B. agricultural products.
C. education and technology.
D. manufactured goods.
E. services like banking and insurance.
Answer: D. manufactured goods.
You might also like to view...
When a pharmaceutical company introduces a new drug, its research and development costs are ________, and the cost of the chemicals used in manufacturing the drug are ________.
A. start-up costs; variable costs B. start-up costs; fixed costs C. marginal costs; variable costs D. fixed costs; start-up costs
If an economy is in an equilibrium with an inflationary gap, policymakers can use
A) discretionary fiscal policy and decrease government expenditure. B) automatic fiscal policy and increase government expenditure. C) discretionary fiscal policy and cut taxes. D) automatic fiscal policy and cut taxes. E) discretionary fiscal policy and increase government expenditure.
Explain how menu costs affect the slope of the short-run aggregate supply curve
What will be an ideal response?
Consider a firm that operates in a perfectly competitive market. Currently the firm is producing 50 units of output and at that output level, marginal revenue is $6 . Suppose that the firm increases output by 50%. Total revenue will be a. $300
b. $450. c. $600. d. the same since price will fall by 50%.