The above table has information about the hypothetical economy of Robotica. Based on the data, the size of M2 is

A) $2,600 billion.
B) $2,610 billion.
C) $610 billion.
D) $600 billion.
E) $1,710 billion.


B

Economics

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A marginally attached worker

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What is the future value of $1,000 in three years if the rate of discount is equal to 5 percent?

A) $1,150.00 B) $1,005.00 C) $1,157.63 D) $863.84

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The ability of a country to produce a specific good at a lower opportunity cost than its trading partners is known as

A. Absolute advantage. B. The inequality trap. C. Comparative advantage. D. The human advantage.

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The DeBeers Company is a profit-maximizing monopolist that exercises monopoly power in the distribution of diamonds. If the company earns positive economic profits this year, the price of diamonds will:

A. exceed both the marginal cost and the average total cost of diamonds. B. be equal to the average total cost of diamonds. C. be equal to the marginal cost of diamonds. D. exceed the marginal cost of diamonds but be equal to the average total cost of diamonds.

Economics