Suppose the cost function is C(Q) = 50 + Q ? 10Q2 + 2Q3. What are the fixed costs?
A. $10
B. $2
C. $50
D. $1
Answer: C
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Two reasons why valuing goods at their market prices is different than valuing them at their factor costs include
A) depreciation and investment. B) exports and imports. C) personal taxes and corporate taxes. D) indirect taxes and subsidies.
Which of the following will cause the net export function to shift?
a. A change in real GDP b. An increase in government spending c. An increase in investment spending d. A change in the exchange rate e. A change in the domestic interest rate
According to most economists,
A. command-and-control regulations work better than incentive-based regulations. B. incentive-based regulations work better than command-and-control regulations. C. command-and-control regulations have about the same effectiveness as incentive-based regulations.
High-growth Asian economies were careful to maintain stable macroeconomic environments
Indicate whether the statement is true or false