If products similar to the intermediate good are sold, an approximation to the correct transfer price is
a. average costs
b. average fixed costs
c. average variable costs
d. the market price
d
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The above table gives real GDP and the aggregate expenditure schedule. When real GDP is $10 billion, the amount of unplanned investment is
A) $0.5 billion. B) -$20.5 billion. C) -$0.5 billion. D) $20.5 billion. E) unknown.
If there is an increase in immigration into a specific labor market, then
A. The supply of labor shifts leftward, and the equilibrium wage will increase. B. The equilibrium wage will rise, and the quantity of labor hired will fall. C. The demand for labor will increase, and the equilibrium wage rises. D. The supply of labor shifts rightward, and the equilibrium wage will fall.
Economists study how decisions are made.
Answer the following statement(s) true (T) or false (F)
If 
1 > 0,then yt ?in the linear function of time E(yt) = 
0 + 
1t displays a(n):?
A. ?upward trend. B. ?downward trend. C. exponential trend. D. quadratic trend.