Which of the following cannot be a factor that gives it a competitive advantage?
A) a patent
B) reproducible capabilities
C) a brand name
D) distinctive capabilities
D
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In calculating gross domestic product, the Bureau of Economic Analysis uses the sum of the market value of final goods and services produced. This means that the BEA
A) values goods at their market prices, multiplies them by the quantity produced, and then adds them up. B) values goods and services at their market prices, multiplies them by the quantity produced, and then adds them up. C) simply counts the total number of goods produced in the market place and then adds them up. D) simply counts the total number of goods and services produced in the marketplace and then adds them up.
Which of the following is not a short-run decision for a fisherman?
a. hire more fishing crew b. produce less fish c. buy a new fishing boat d. buy more bait e. purchase less fuel for the boat
Imagine that the U.S. economy is in equilibrium at full employment without inflation where national income is at $6,700 billion. The MPC = 0.8 . If massive flooding along the Mississippi River leads Congress to approve a spending package of $10 billion to aid flood victims, the government must also take which of the following actions to keep the economy in equilibrium at full employment without
inflation? a. increase taxes by $10 billion b. decrease taxes by $10 billion c. cut other government spending programs by $7.5 billion d. increase taxes by $12.5 billion e. decrease taxes by $12.5 billion
In the above figure, if we begin at S2 and the Fed buys bonds
A. the price of bonds rises, and so does the interest rate. B. the price of bonds falls, and the interest rate rises. C. the price of bonds falls, and so does the interest rate. D. the price of bonds rises, and the interest rate falls.