In the above scenario, the quantity of gas sold will
a. increase.
b. decrease.
c. remains the same.
d. may increase or decrease.
b
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Which of the following will be included in the calculation of GDP using the expenditure method?
A) A bank's payment of interest to its customers B) A worker's wage C) A firm's payment of employee bonuses D) A domestic producer's export of clothes
If the number of people unemployed is 100, the number of people employed is 1000, and the working-age population is 1400, then the labor force is
A) 1000. B) 1100. C) 1400. D) 1500.
Marty's Bird House suffers a short-run loss. Marty can reduce his loss below the amount of his total fixed costs by continuing to produce if his revenue
A) exceeds his implicit costs. B) exceeds his nonmonetary opportunity costs. C) exceeds his marginal costs. D) exceeds his variable costs.
Which of the following is not an example of a capital input?
A. ?A person's skills and abilities, which can be employed to produce valuable goods and services. B. ?Factories and offices where goods and services are produced. C. ?Tools and equipment. D. ?Computers used by a company to record inventory, sales, and payroll. ?