If an economy is fully utilizing its resources, it can produce more of one product only if it
A. adds more people to the labor force.
B. doubles manufacturing of the product.
C. reduces the price of the most expensive products.
D. produces less of another product.
Answer: D
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The above table gives real GDP and the aggregate expenditure schedule. When real GDP is $15 billion, the amount of unplanned investment is
A) $29.25 billion. B) $14.25 billion. C) $15 billion. D) $0.75 billion. E) unknown.
Use the above table. What percentage of income is received by the poorest 60% of the population?
A) 27.78 percent B) 33.33 percent C) 44.44 percent D) 55.56 percent
The Sherman Antitrust Act:
A. no longer applies to business practices today. B. was passed in 1800. C. was actively used by President Roosevelt in the early 20th century. D. All of these statements are true.
In this consumer surplus graph, the consumer gain due to additional pizzas that are bought at the new lower price but would not have been bought at the original price is represented by ______.
a. P1AB
b. P1BDP2
c. BCD
d. P1BCP2