When government revenue is less than government spending, the nation has a:
A. government budget deficit.
B. trade surplus.
C. trade deficit.
D. government budget surplus.
Answer: A
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Suppose Campus Books, a profit-maximizing firm, is the only supplier of the textbook for a given class. The marginal cost of supplying each book is constant and equal to $10, and Campus Books has no fixed costs. The table below shows the reservation prices of the eight students enrolled in the class.StudentReservation Price($/Book)Q60R54S48T42U36V30W30X30 If Campus Books is permitted to charge 2 prices, and the bookstore knows customers with a reservation price above $30 never bother with coupons, whereas those with a reservation price of $30 or less always use them, then how many in total books will the bookstore sell?
A. 8 B. 6 C. 7 D. 5
Which aggregate measure is used to determine whether or not a country is experiencing a recession?
A) Nominal GDP B) Nominal interest rate C) Real GDP D) Real interest rate E) Gross business inventory investment
A partnership is ________ type of business
A) the most profitable B) the most common C) the least risky D) the least common
Based on the graphic for perfect competition versus monopoly, the difference between the consumer surplus of perfect competition and the consumer surplus of a monopoly is ______.
a. -a-b
b. -c
c. -b
d. -b-c