Refer to the table above. The capital and financial account balance is
A) $190 billion.
B) $200 billion.
C) -$190 billion.
D) -$200 billion.
E) $1,900 billion.
A
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The above table shows some cost data for Tracey's Tents. What is the average fixed cost when 4 tents are produced?
A) $50.00 B) $12.50 C) $25.00 D) $37.50
We can use a per-worker production function in the Malthusian model because
A) there is a representative worker. B) firms are competitive. C) there is a steady state. D) the production function has constant returns to scale.
If a price searcher is producing at a level of output such that its marginal cost is $16 and its marginal revenue is $9, the firm should
a. increase output in order to reduce per-unit costs. b. decrease the price of its product and expand output. c. increase price and reduce its rate of output. d. reduce both price and output.
A witness told a congressional committee that if the United States doubled its real GDP, it would be a much less livable society than it is today. Explain this view
What will be an ideal response?