Total fixed cost
A. varies with the level of output.
B. has a downward-sloping curve.
C. has an upward-sloping curve.
D. is constant at all levels of output.
Answer: D
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Which is an example of "capital"?
A) A carpenter's skills B) A singer's voice C) A judge's unblemished reputation D) A blast furnace E) All of the above.
The one central bank president that always has a seat on the Federal Open Market Committee is located in:
A. New York City. B. Chicago. C. Boston. D. San Francisco.
Refer to Figure 2-14. Points A, B, and D represent feasible outcomes for this economy.
Indicate whether the statement is true or false.
When desired national saving equals desired national investment (in a closed economy), what market is in equilibrium?
A. The stock market B. The foreign exchange market C. The money market D. The goods market