Refer to Table 8-27. What is the level of disposable personal income for this economy?
A) $1,080 billion B) $1,010 billion C) $980 billion D) $860 billion
C
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If the government does not provide it, the quantity of a nonexcludable good that private firms will choose to produce is
A. zero. B. more than the optimal amount. C. the optimal amount. D. optimal only if property rights are assigned. E. optimal only if the industry is competitive.
Net capital inflows equal:
A. domestic production. B. international production. C. capital inflows minus capital outflows. D. capital outflows minus capital inflows.
Use the figure below to answer the following questions:
In the above figure, curves 1, 2, 3, and 4 represent the:
A. MC, ATC, AVC, and AFC curves respectively. B. MC, AFC, AVC, and ATC curves respectively. C. ATC, MC, AFC, and AVC curves respectively. D. ATC, AVC, AFC, and MC curves respectively.
Many people have turned to the Internet to get the news. This has caused the circulation numbers of newspapers to fall drastically, which in turn caused their:
A. Average fixed costs to increase B. Average total costs to decrease C. Average fixed costs to decrease D. Marginal costs to increase