Which of the following is true of investment spending in the U.S. economy?
a. Investment spending in 2009 was higher than in 2006.
b. Investment spending was almost double of household spending.
c. Businesses had reduced expenditures on capital goods in 2008 and 2009.
d. Investment spending exhibited a more or less steady increase between 1959 and 2009.
e. Investment spending fluctuated relatively less than consumption.
c
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The marginal revenue of a price taker is:
a. equal to price. b. less than price. c. more than price. d. unrelated to price.
"The government should levy higher taxes on the rich and use the additional revenues to provide better housing for the poor." This statement illustrates: a. the fallacy of composition
b. the basic principle of economics. c. a normative economic statement. d. a positive economic statement.
At the sixteenth Conference of the Parties (COP16) in Cancún,
a. participating nations signed binding commitments to further reduce GHGs b. the countries in attendance could not reach agreement on any issue c. the parties agreed to extend the Kyoto Protocol for 5 more years d. participants agreed to GHG emissions reductions to keep the rise in average global temperature to less than 2 degrees Celsius
Refer to the graph shown. If this monopolist were forced to set price equal to average total cost, it would charge a price of:
A. $0.90. B. $0.30. C. $0.75. D. $0.15.