Which of the following product-groups is a leading export of the United States?
A. Home appliances
B. Metals
C. Agricultural products
D. Computers
C. Agricultural products
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The Save More Tomorrow (SMarT) program found all of the following except that:
A. people want to save more than they typically do. B. participants quadrupled their savings in just a couple of years. C. if the default choice is to save a portion of income, people will save more. D. people were already saving at an optimal amount, so the program had no effect.
According to the law of supply:
a. there is an inverse relationship between price and quantity demanded. b. there is a direct relationship between price and quantity demanded c. there is an inverse relationship between price and the quantity supplied. d. there is a direct relationship between price and the quantity supplied.
Which of the following are taxed?
a. both corporate profits and dividends paid to stockholders b. corporate profits but not dividends paid to stockholders c. dividends paid to stockholders but not corporate profits d. neither corporate profits nor dividends paid to stock holders
A supply schedule illustrates the quantity supplied at
A. market equilibrium. B. different selling prices. C. various demand levels. D. a single selling price.