Along a straight line, the value of y is always equal to the value of x. The slope of the line is
A) -1.
B) 0.
C) 1.
D) infinite.
C
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Which of the following leads to a recession?
A) An accumulation of money in the economy B) An accumulation of mistakes in the economy C) An accumulation of non-renewable resources in the economy D) An accumulation of irrational decisions among businesses and households
In the above figure, the curve that represents the most income equality is
A) a. B) b. C) c. D) d.
Comparing how many dollars it takes you to run your car each year to annual earnings on a job instead of keeping track of costs in terms of gallons of gasoline and quarts of oil represents the use of money as a:
a. means of payment. b. unit of account. c. store of purchasing power. d. form of plastic money.
If a firm in a competitive industry is making zero economic profit but still producing, it must be the case that:
A. MC = MR > ATC. B. MC = MR < ATC. C. MC = ATC > MR. D. MC = MR = ATC.