The largest item amount among those listed here is
A. national income.
B. net interest.
C. net domestic product.
D. corporate profits.
Answer: C. net domestic product
You might also like to view...
Profit is the difference between
A) total revenue and total explicit cost. B) total revenue and total cost. C) total revenue and variable cost. D) marginal revenue and marginal cost.
There is an inverse relationship between the price-cost margin and the level of competition in a particular industry
Indicate whether the statement is true or false
Political and social desires to increase the "quality of life" in the U.S. led to an increase in the federal funding of public libraries, television and radio as well as increases and broadened uses of federal lands, waters and parks
Indicate whether the statement is true or false
The long-run market supply curve in a perfectly competitive market shows
a. the effects of all short-run price fluctuations b. how the market supply curve shifts in the short run in response to entry and exit of firms c. the relationship between market price and market quantity d. the relationship between average total costs and output in the long run e. the level of output produced by each firm, and how the market price affects this output level