One reason that U.S. exports of commercial services have increased steadily over the past 25 years is that
A. the U.S. government owns and operates most of the economy's service sector.
B. the United States has made significant investments in new information technologies.
C. the U.S. economy operates like one big corporation.
D. European and Asian nations have shown little interest in developing their own commercial services sectors.
Answer: B
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If the base year CPI basket costs $250 and next year the CPI basket costs $275, what is next year's CPI?
What will be an ideal response?
In the short run, if average variable cost equals $50, average total cost equals $75, and output equals 100, the total fixed cost must be:
a. $25. b. $2,500. c. $5,000. d. $7,500.
The economic burden of an excise tax
A. can usually be partially shifted from buyers onto sellers. B. equals the revenue from the tax. C. is less than the burden of an income tax that would raise the same revenue. D. is shared equally by buyers and sellers.
All other things equal, a decrease in the equity risk premium leads to a(n):
A. decrease in the present value of stock. B. increase in the required return on stock. C. decrease in dividend growth. D. increase in the price of equity shares.