Refer to above Table 2-1. What is the level of Corporate Profits?
A) 260
B) 180
C) 270
D) 170
C
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If a firm's production process exhibits increasing returns to scale, then doubling all the firm's inputs will lead output to ________.
A. double. B. more than double. C. fall by one-half. D. less than double.
The National Industrial Recovery Act of 1933 increased competition among firms
Indicate whether the statement is true or false
The value of the productive capacity of the assets of an economy, measured by the goods and services it can produce both now and in the future rather than by the money prices of the assets, is called:
A. real wealth. B. gross private domestic investment. C. nominal wealth. D. net investment.
Which of the following is not a characteristic of a monopoly?
A. There is only one seller. B. A monopolist is a price-taker. C. There exist barriers to entry. D. A monopolist's sales revenue is constrained by the market demand.