GDP measures the total income of everyone and the total spending by everyone in the economy.
Answer the following statement true (T) or false (F)
False
You might also like to view...
All of the following factors are held constant when price changes on a demand curve except:
A) income. B) quantity demanded. C) population. D) tastes and preferences.
Everything else held constant, aggregate demand increases when
A) taxes are cut. B) government spending is reduced. C) animal spirits decrease. D) the money supply is reduced.
View Your World, a high-end window manufacturer, directly pays all of the transaction costs. The managers of View Your World are considering the profit-maximizing location for their plant. If locating the plant closer to its customers saves $15,000 in transportation costs of its windows to its customers, but causes an additional $11,500 in input transportation costs, View Your World ________
locate its plant closer to its customers as the marginal benefit is ________ than the marginal cost. A) should not; more B) should not; less C) should; less D) should; greate
Figure 10-8
?
In the long run, the perfectly competitive firm in Figure 10-8 will leave the industry if the price falls below
A. $10. B. $9. C. $5. D. $2.