Refer to the graph below. The long-run average change in real GDP is shown by
a. the Growth trend line.
b. the contraction.
c. the expansion.
d. the peak.
a. the Growth trend line.
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The Internet has made it possible to compare lots of prices without incurring a lot of cost. If Internet access is unequally distributed throughout the population one would expect
A) consumers with Internet access to pay a higher price. B) consumers without Internet access to pay a lower price. C) price discrimination against consumers without Internet access. D) firms to charge the same price to all consumers.
For those nations who fixed their currencies' exchange rates to the U.S. dollar, the rise of the dollar during the 90's was very good news,
a. True b. False Indicate whether the statement is true or false
If the average-total-cost curve is falling, then the marginal-cost curve must also be falling
a. True b. False Indicate whether the statement is true or false
Thomas wants to invest. he finds a growing company that has stock with a P/E of 34.5. what should he do?
a. forget about investing and spend all his money b. wait for the price to rise c. wait for the price to fall d. buy it now before the price rises