Consider the following data for a firm over a period of time. The contribution of the firm to domestic output by the value-added method is:
A.
$5,000
B.
$40,000
C.
$45,000
D.
$50,000
B.
$40,000
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Answer the next question on the basis of the following data.OutputTotal Cost0$24133241348454561669The average fixed cost of producing 3 units of output is
A. $6.00. B. $7.40. C. $8.00. D. $5.50.
Which of the following is the best example of a normative question?
A. Will increasing the money supply affect interest rates? B. How does the market for corn work? C. Will the redistribution of income make society better off? D. How do prices affect the market for coffee?
How do economists sometimes measure physical capital in a country?
(A) The amount of roads and bridges per capita. (B) The number of computers that are available to businesses. (C) The amount of savings that the citizens have in the bank. (D) The number of telephones it has in relation to its population.
In the classical theory of employment, a rise in the rate of interest will
A. increase saving and decrease investment. B. decrease saving and increase investment. C. increase saving and investment. D. decrease saving and investment.