With each 99 cent iTunes download, GDP
A) rises by 99 cents.
B) falls by 99 cents.
C) remains unchanged.
D) is impossible to measure with this sale because nothing physical has been produced.
A
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Refer to the table below. The average cost of 4 units of this activity is:Units ofActivity TotalCostTotalBenefit0$0$01$30$1002$40$1603$60$1904$100$2105$150$2206$210$225
A. $25 B. $30 C. $20 D. $40
For a competitive firm the marginal revenue product of labor is usually downward sloping
What will be an ideal response?
Regarding the financial crisis of 2008-2009, and Americans' spending habits, it is correct to say that:
a. After 2000 . the ratio of consumer debt to GDP dropped steadily. b. After the financial crisis of 2008-2009, many U.S. consumers incurred more debt. c. Since 2009, the ratio of consumer debt to GDP has come down notably. d. None of these is correct.
The relative prices of wool, cocoa, aluminum, rice, cotton, and sugar declined by more than half during the 20th century.
Answer the following statement true (T) or false (F)