Which one of the following is a characteristic of capitalism but not of communism?
a. private property.
b. wage payments.
c. technological development.
d. use of capital equipment.
a. private property.
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If a firm produces 10 units, TC=$100 . When the firm increase its output to 15 units, TC= $150 . The firm's variable costs equal to
a. $25 b. $0 c. $50 d. $100
If the spending multiplier equals 6 and equilibrium real GDP is $32 billion below potential real GDP, then total planned expenditures need to decrease by approximately $5.33 billion to close the recessionary gap
a. True b. False Indicate whether the statement is true or false
Short-term interest rates show the cost of borrowing money for how long?
(A) Between 10 and 30 years. (B) For no more than a month. (C) For a few days or months. (D) Between a few months and two years.
What is the difference between economies of scale and economies of scope? Provide an example of each that pertains to financial institutions.
What will be an ideal response?