A country's total output includes all of the following except:
A.) Household consumption.
B.) Business investment.
C.) Imports.
D.) Government services.
C.) Imports.
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At a recent company meeting, Ravi Batra, sales manager of Life's a Beach, a surfboard producer announced, "We have increased our sales by 13 percent in just 9 months
" Suppose 9 months ago, its sales amounted to $245,000, what is the value of its sales today? A) $31,850 B) $207,638 C) $276,850 D) $359,905
Assume the price of a movie is $10. Jenna demands 2 movies per week, Sam demands 3 movies per week, and Jordan demands 8 movies per week. From this information we can conclude that
A) the market quantity demanded at a price of $10 is at least 13 movies per week. B) Jordan is obviously more wealthy than either Sam or Jeanna. C) Sam is irrational compared to Jenna or Jordan. D) the movie industry is unprofitable.
Private goods are not excludable
a. True b. False Indicate whether the statement is true or false
In 2011, what percentage of U.S. families had income levels above $115,866?
a. 10 percent b. 20 percent c. 60 percent d. 80 percent