Using the information in Situation 20-1, if aggregate output is equal to $10,000, then unplanned inventory investment equals
A) -$1000
B) -$100
C) $0
D) $100
D
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In the above table, the marginal revenue from the fourth unit of output is
A) $30. B) $147. C) $150. D) $180.
The gap between Federal expenditures and Federal revenues after 1980 was caused primarily by
A) the recessions which occurred in the 1980s. B) a substantial decrease in Federal revenues. C) a substantial increase in Federal expenditures. D) rising interest rates which made caused investment and growth to collapse.
Explain the difference between a normal good and an inferior good
What will be an ideal response?
Searching the Internet for information to help select a product that is more reliable is most likely to be done by a
A) risk-averse person. B) risk-neutral person. C) risk-preferring person. D) This cannot be determined with the information provided.