A lighthouse that serves a dangerous coastal area is built. The lighthouse cost $2 million to build and serves 200 ships a month
If the shipping in the area increases so that 400 ships pass by a month, the increase in additional costs of providing the light to these new ships is A) $2 million.
B) $10,000.
C) $5,000.
D) $0.
D
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An increase in the level of structural unemployment will shift the long-run Phillips curve
Indicate whether the statement is true or false
A country is said to be experiencing deflation when
A) prices of most goods and services are rising over time. B) prices of most goods and services are falling over time. C) total output is rising over time. D) total output is falling over time.
When the marginal costs of firms in perfect competition increases, the short-run supply curve of the industry will shift to the left
a. True b. False Indicate whether the statement is true or false
If French consumers spend 720 billion euros on consumption goods but French producers only produced 700 billion euros of consumption goods, then
a. French exports must have increased by 20 billion euros b. wanted inventories in France end up sold as consumption goods c. actual investment will be more than intended investment d. actual investment will be the same as intended investment e. intended investment will be realized