In a market economy, businesses are encouraged to produce because of
a. the profit motive.
b. altruism.
c. government direction.
d. civic duty.
a. the profit motive.
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The statistical details on the U.S. balance of international payments between 1790 and 1860 help economic historians determine
(a) what the U.S. sold domestically. (b) how other countries paid for their own domestic goods and services. (c) how the U.S. paid other countries for their exports. (d) changes in domestic trade patterns.
Figure 11-7
The firm shown in Figure 11-7 is an unregulated monopolist; it totals equals _____ .
A. $300 B. $600 C. $400 D. $625
Since the 1970s, the percentage of women preparing for careers in professions has been ____, while the female/male earnings ratio has been ____ during this same period
a. rising; declining b. rising; increasing c. falling; increasing d. falling; declining
Refer to the graph shown. Suppose the economy is initially at A but then the Fed adopts an expansionary monetary policy. The initial effect of this policy will be pressure to move the economy to:
A. E. B. B. C. C. D. D.