Which of the following is a determinant of investment?
a. Technological change
b. Net exports
c. Demographics
d. Nominal GDP
e. Population
a
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Economic activity moves from a period of expansion to a ________ and then moves into a period of ________ until it reaches a ________.
A. trough; recession; peak B. peak, recession; trough C. peak; expansion; trough D. trough; expansion; peak
Advice on taxes, accounting or management information systems, and business strategies are commonly referred to as ________ services
A) accounting audit B) management advisory C) seller D) managing underwriter
Suppose the production function for coffee (C) is C = min(B,W), where B = beans in pounds and W = water in gallons. Suppose the price of water is $.10 per gallon and the price of beans is $10 per pound. The expansion path
a. depends on the price of beans only. b. depends on the price of water only c. depends on the price of neither beans nor water. d. depends of the costs of both beans and water.
According to the graph shown, if this economy were open to free trade, domestic producers would produce how many units?
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. 115
B. 60
C. 150
D. 90