Higher expected profits and business confidence ________ investment spending
A) decrease
B) increase
C) do not affect
D) none of the above.
B
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Other things constant, if domestic consumers purchase fewer foreign goods at each level of GDP, in the short run
A. foreign countries' GDP will rise. B. GDP will fall. C. GDP will rise. D. there will be no change in GDP in this country.
Which of the following is true about present day Americans who are classified as "officially poor" by the government?
a. Their incomes are about the same as those at the official poverty level in 1950. b. Their incomes are higher than all but the richest Americans in 1900. c. Their incomes are about the same as those at the official poverty level in 1900. d. Their incomes are about the same as those in the middle class in 1950.
Accounting profit is greater than or equal to economic profit
a. True b. False Indicate whether the statement is true or false
Sally runs a hair styling salon. Sally is a profit-maximizing owner whose firm operates in a competitive market. The marginal cost of a haircut is $15 . What is the maximum wage that Sally will pay her stylists?
a. less than $15 per haircut b. $15 per haircut c. more than $15 haircut d. There is insufficient information to answer this question.