Which of the following decades was characterized by the highest inflation rate in the U.S.?
a. 1920s
b. 1930s
c. 1950s
d. 1970s
e. 1960s
d
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Refer to Figure 16-6. If Sensei charges the competitive price for his classes, what is the maximum amount of admission fee that he can collect from his customers?
A) the area A + C + D + G + H B) the area A + B C) the area A + B + C + D D) the area A + B + C + D + E
In what is known as direct exporting, the exporter sells goods directly to or through an independent domestic intermediary in the exporter's home country that then exports the products to foreign markets.
a. true b. false
A rise in government spending will cause a(n):
a. Increase in aggregate demand b. Decrease in prices c. fall in aggregate demand d. decrease in real domestic output
The ABC Corporation decreases all of its inputs by 12 percent and finds that its output falls by only 8 percent. This means that initially it was producing:
A. in the range of diseconomies of scale. B. in the range of economies of scale. C. where AP is less than MP. D. at the point of minimum efficient scale.