An item that is purchased to increase businesses' productive resources is
A) an export.
B) a government good.
C) a capital good.
D) a consumption good.
E) a productive good.
C
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If, at a firm's projected sales level, the marginal cost is $125, the average cost is $150 and the markup is 20 percent, then its selling price is
A) $125. B) $150. C) $165. D) $180.
The construction of the t-statistic for a one- and a two-sided hypothesis
A) depends on the critical value from the appropriate distribution. B) is the same. C) is different since the critical value must be 1.645 for the one-sided hypothesis, but 1.96 for the two-sided hypothesis (using a 5% probability for the Type I error). D) uses ±1.96 for the two-sided test, but only +1.96 for the one-sided test.
Since about 1970 in the U.S.,
a. decreases in the wages of unskilled workers, relative to skilled workers, have led to increased inequality in family incomes. b. increases in the wages of unskilled workers, relative to skilled workers, have led to increased equality in family incomes. c. inequality in family incomes has increased, despite increases in the wages of unskilled workers relative to skilled workers. d. inequality in family incomes has decreased, despite increases in the wages of skilled workers relative to unskilled workers.
The first antitrust law that the U.S. Congress enacted was
A) the Clayton Antitrust Act. B) the Sherman Antitrust Act. C) the Robinson-Patman Act. D) the Federal Trade Commission Act.