A) $600
B) $800
C) $350
D) $700
An expenditure schedule shows the relationship between GDP and total output
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If a corporation's retained earnings are expected to create future profits, the market price of the firm's stock will ________ and create a ________ for stockholders if the stock is sold
A) decrease; capital gain B) decrease; loss of wealth C) increase; loss of wealth D) increase; capital gain
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In recent years, redistribution has been the fastest growing category of federal government outlays
a. True b. False
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Consider the following: Farmer Jones bought seed and fertilizer for $100. He grew wheat that he sold to the Acme Bread Company for $200. Acme Bread produced and sold bread to the ABC Grocery Store for $250. Consumers bought the bread from the grocery for $350. How much was added to the GDP?
Economics
Assume a series of forest fires reduces the supply of lumber, which is an input in the production of wooden bats. Baseballs and wooden bats are complements. If the price of wooden bats increases, we can expect the
A. Demand for baseballs to decrease. B. Supply of baseballs to decrease. C. Supply of baseballs to increase. D. Demand for baseballs to increase.
Economics