_____________ comes in the form of wages, interest, rent, profit, and even from goverment programs.
a. Spending
b. Taxes
c. Transfers
d. Income
d. Income
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Which of the following is a disadvantage of the U-form structure?
a. In case of multiple products sold in different markets, a U-form structure is difficult to maintain. b. A U-form structure requires a larger staff to evaluate top-level decision making than other organization structures. c. A U-form structure necessitates a multiple-level decision-making process. d. The amount of information that is considered for decision-making in a U-form structure is less than other structures.
The rate of output that maximizes profit for a monopolist can be found where ________
a. average revenue equals marginal cost b. price equals marginal cost c. marginal revenue equals marginal cost d. total revenue is maximized
The optimal mix of output is always the same as the
A. Most desired combination on a production possibilities curve. B. Output that producers produce. C. Output that consumers demand. D. Output that the government provides.
In the third quarter of 2008, investment in the US totaled $1.4 trillion and in 2007, investment was $1.3 trillion. The change in investment:
a) is a change in autonomous expenditure b) is a change in equilibrium expenditure c) is a change in induced expenditure d) will increase the multiplier