Which formula is used to calculate total revenue?
a. TR = P x Q
b. TR = P + Q
c. TR = P – Q
d. TR = P/Q
a. TR = P x Q
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Technological progress shifts the long-run aggregate supply curve to the right
a. True b. False Indicate whether the statement is true or false
We have had a downward trend in the unemployment rate since the 1980's until the increase occurring in
A. 1991. B. 2001. C. 2007. D. 2009.
A high school dropout with poor work habits, little experience, and no vocational training, who has been out of work for three years but is actively seeking employment, would be _____ unemployed.
A. Frictionally B. Structurally C. Cyclically
You're traveling in Ireland and are thinking about buying a new digital camera. You've decided you'd be willing to pay $125 for a new camera, but cameras in Ireland are all priced in euros. If the exchange rate is 0.85 euros per dollar, what's the
highest price in euros you'd be willing to pay for a camera? A) 105 euros B) 106.25 euros C) 110.15 euros D) 147 euros