Spending on imports should get _________ GDP, and spending on exports should be __________.
A. subtracted from; included
B. included in; included as well
C. subtracted from; subtracted as well
D. included in; subtracted
A. subtracted from; included
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If the nominal interest rate falls, everything else remaining unchanged, ________
A) the real interest rate will rise B) the inflation rate will decrease C) the real interest rate will remain unchanged D) the real interest rate will fall
The above figure shows a labor market with minimum wage equal to $16. In this figure, after taking account of search costs, what area equals the workers' surplus?
A) area A B) area B C) area C D) area D E) area E
Sellers in which of the following market structures are likely to have the highest market power?
A) Monopoly B) Oligopoly C) Perfect competition D) Monopolistic competition
Which of the following is true of trademarks?
A) If a firm is granted a trademark, then no other firms can legally produce similar products for a given period of time. B) A successful trademark is one that allows consumers to immediately identify the source or producer of the product. C) If a firm is granted a trademark, then no other firms can legally sell in the same geographic area for a given period of time. D) A successful trademark is one that becomes a generic name for a product, for example, "Xerox" has become a generic term for making photocopies.