Which of the following goods is directly counted in GDP?
A) the lettuce that Subway purchases for its sandwiches
B) the bread that Subway purchases for its sandwiches
C) a 12-inch Subway sandwich purchased by a student
D) the plastic bags that Subway purchases to wrap its sandwiches
Answer: C
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If you lost 10 percent on $200 worth of stock in a 3x margin account, then you would lose:
A. $60. B. $20. C. $30. D. $40.
Which of the following best defines what the long run for a business is?
A. more than one year B. the time to make necessary business decisions C. the period of time during which at least one input is fixed D. the period of time during which all inputs are variable
Recall the Application about the mismatch of rent-controlled apartments and their tenants to answer the following question(s).Recall the Application. According to a recent study, about ________ percent of rent-controlled apartments in New York City are mismatched.
A. 20 B. 40 C. 60 D. 80
A firm will use land up to the point at which the MRP of land is equal to the price of land.
Answer the following statement true (T) or false (F)