Interest payments on the national debt are about _____ percent of total federal expenditures a year.
A. 2
B. 5
C. 7
D. 11
C. 7
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Use the above figure. When it maximizes its economic profits, the monopolistically competitive firm depicted in the figure
A) is earning an economic profit. B) is earning an accounting profit. C) is earning an economic loss. D) must increase output to reduce the ATC.
A firm has $200 million in total revenue and explicit costs of $190 million. Suppose its owners have invested $100 million in the company at an opportunity cost of 10 percent interest rate per year. The firm's economic profit is:
a. $100 million. b. $400 million. c. $80 million. d. zero.
Most of the time, a profit motive eliminates discriminatory behavior from a market; however, a discriminatory wage gap can persist even if the firm owners only care about profit if there is
Selling government bonds through open market operations allows the Federal Reserve to:
A. decrease money in the Treasury. B. decrease the money supply in the private sector. C. receive discounts on future sales. D. receive a high rate of interest on the bonds.