Kaitlyn and Larissa have formed a dog bathing and grooming business. The number of dogs they can bathe or groom in any given day is depicted in Table 2.1. As they groom more dogs, the opportunity cost of grooming additional dogs
A) rises. B) falls.
C) remains constant. D) depends on the prices being charged.
A
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Which measure of inflation would include consumer goods and capital goods?
A. the Consumer Price Index B. the Retail Trade Survey C. the GDP Price Index D. the Employment Cost Index
Exhibit 36-1 Bond FaceValueof Bond Price ofthe Bond Annual CouponPayment A $1,000 $850 $25 B $1,000 $950 $41 C $1,000 $1,100 $52 D $1,000 $1,100 $32 E $1,000 $1,000 $50 Refer to Exhibit 36-1. The coupon rate for bond C is
A. 0.05 percent. B. 5.2 percent. C. 4.7 percent. D. 100 percent.
Government spending that changes automatically without action by Congress is
A) a noncontrollable expenditure. B) national defense. C) payments to contractors for routing services performed. D) discretionary payments.
What does annual economic growth refer to?
A) annual increases in GDP B) annual increases in consumption spending C) annual increases in investment spending D) annual increases in Real GDP E) none of the above