If the marginal cost of a candy bar is $.10 and the producer sells it for $1.00, then the producer surplus on that candy bar is $1.10.
Answer the following statement true (T) or false (F)
False
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If a firm traded on the New York Stock Exchange posts an accounting profit of $10 million, then the firm is making a positive economic profit
A) only if the Securities and Exchange Commission (SEC) approves the accounting report. B) only if the firm's opportunity cost is less than $10 million. C) only if the firm's opportunity benefit is more than $10 million. D) only if the firm's management receives stock compensation.
State-chartered banks that are members of the _____________ System are examined by the Federal Reserve.
Fill in the blank(s) with the appropriate word(s).
Figure 19-1
?
Of the graphs in Figure 19-1, which one shows the effects of an increase in interest rates in Japan and a depreciation of the dollar?
A. 1 B. 2 C. 3 D. 4
A rightward shift in the aggregate demand curve generates a ________ inflation and ________ output.
A. demand-pull; higher B. cost-push; lower C. cost-push; higher D. demand-pull; lower