In 2014, which component of GDP had a negative value?
A) investment B) government spending
C) net exports D) consumption
C
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If you are willing to sell your lawn mower business for $355,000 and someone offers you $420,000 for it, this transaction will generate:
a. There is no surplus created b. $65,000 worth of seller surplus and unknown amount of buyer surplus c. $30,000 worth of buyer surplus and $35,000 of seller surplus d. $65,000 worth of buyer surplus and unknown amount of seller surplus
Which of the following is not a reason why the labor market experiences job turnover?
A. Workers differ in their abilities. B. Workers might want to change jobs after accumulating general training or education. C. Economic conditions can dictate that a firm reduce its number of workers. D. Firms differ in their amenities and working conditions. E. All of these are reasons why the labor market can experience job turnover.
The Packers and Stockyards Act of 1921
A) reinforced antitrust laws regarding livestock marketing. B) established the Packers and Stockyards Administration, still exists today. C) was the principal legislation exempting cooperatives from antitrust laws. D) Both A and C
Refer to the information provided in Figure 1.1 below to answer the question(s) that follow.
Figure 1.1Refer to Figure 1.1. The relationship between the daily temperature and the number of gallons of ice cream purchased demonstrates
A. a zero slope. B. a positive slope. C. a negative slope. D. an infinite slope.