A profitable business will attract
A. increases in marginal revenue.
B. existing businesses.
C. government regulation.
D. new competitors.
Answer: D
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Assume that one of two possible outcomes will follow a decision. One outcome yields a $75 payoff and has a probability of 0.3; the other outcome has a $125 payoff and has a probability of 0.7. In this case the expected value is
A) $85. B) $60. C) $110. D) $35.
If velocity is growing by 2 percent per year and real output is growing 6 percent per year, according to the equation of exchange, in order to maintain stable prices, the money supply would have to: a. grow by 3 percent
b. grow by 4 percent. c. grow by 8 percent. d. grow by 12 percent.
Aggregate demand's downward-sloping character reflects three principal influences as shown in which of the following?
A. People's desire to maintain real wealth holdings, the interest rate, and international trade. B. People's desire to increase the price level, the interest rate, and the economic growth effect. C. The interest rate, the economic growth effect, and international trade. D. Cost-pull inflation, demand-pull inflation, and the need to maintain real wealth holdings.
The relationship between tax rates and tax revenues is shown on the:
A. IRS curve. B. Laffer curve. C. production possibilities frontier. D. Discretionary Spending curve.