In a typical year, ________ new firms open in the United States
A) more than 400,000 B) more than 1 million
C) approximately 125,000 D) less than 200,000
A
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Foreign exchange market intervention is most effective when:
a. each country's political leaders agree to cooperate fully with the process. b. leading economists in each country concur that intervention is needed. c. permanent differences between the free market exchange rate and the fixed exchange rate are expected. d. temporary differences between the free market exchange rate and the fixed exchange rate are expected. e. all the countries restrict the international movement of goods and services.
In the simple circular-flow diagram, with households and firms, GDP can be computed a. as the income received by households, in the form of wages, rent and profit. b. as the income received by households in the form of wages
c. as the payments made by firms for labor. d. as the profits received by households.
Dean should play golf instead of preparing for tomorrow's exam in economics if:
A. he is irrational. B. Dean can play golf for free. C. the economic surplus from playing golf is greater than the economic surplus from studying. D. the benefit of golfing is greater than the benefit of studying.
Shift to the left or right for supply:price of product
What will be an ideal response?