Which of the following is considered to be a fixed cost of operating an automobile?
a. gasoline
b. tires
c. oil change
d. maintenance
e. registration fees
E
You might also like to view...
Suppose that a country with a closed economy opens itself to international trade and becomes a net exporter. In that case, domestic suppliers will supply ________ of that good after it opens itself to international trade.
A. same amount B. less C. more D. none
What does Ricardian equivalence imply about the relative size of the expenditure and tax multipliers?
What will be an ideal response?
The Fed sometimes works to partly offset or even neutralize the effects of fiscal policy with monetary policy
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 34.1 below to answer the question(s) that follow.
Figure 34.1Refer to Figure 34.1. What is the MPM in this economy?
A. 0.2 B. 0.25 C. 0.6 D. cannot be determined from the graph