In the figure above, the cost of producing 10,000 pizzas a day is
A) $60,000.
B) $100,000.
C) $40,000.
D) $80,000.
E) $50,000.
A
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When output is above the full employment level of real GDP, the Federal Reserve banks should ________.
A. lower the federal funds rate B. buy bonds C. raise the discount rate D. lower the reserve ratio
Why would a firm pay efficiency wages?
What will be an ideal response?
Unemployment data in the U.S. are published by the:
a. Bureau of Economic Analysis. b. Bureau of Labor Statistics. c. Department of Commerce. d. Bureau of Federal Intelligence. e. Internal Revenue Service.
The table gives data for a nation. The value of the country's net exports of goods and services shows that the country's
A) net exports of goods and services are decreasing. B) value of its imports are negative. C) value of its exports exceeded the value of its imports. D) value of its imports exceeded the value of its exports. E) value of its imports must equal zero.