A firm has $350 million in revenues and explicit costs of $150 million. If its owners have invested $150 million in the company at an opportunity cost of 10 percent a year, the firm's economic profit is:
a. $50 million
b. $150 million.
c. $185 million.
d. $200 million.
c
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During 2012, a country has consumption expenditures of $3.0 trillion, investment expenditures of $1.5 trillion, government expenditure of $1.5 trillion, exports of $1.0 trillion, and imports of $1.5 trillion
Aggregate expenditure for the country is A) $5.5 trillion. B) $6.5 trillion. C) $6.0 trillion. D) $8.5 trillion. E) $7.0 trillion.
Supply-side economic policies are designed to shift the aggregate supply curve to the left, whereas Keynesian economic policies focus on shifting the aggregate demand curve to the right during recessions and to the left during economic expansions
a. True b. False Indicate whether the statement is true or false
The term "statistical significance" is commonly applied to a p-value of
A. ? 1. B. ? 0.5. C. ? 0.05. D. ? 0.10.
What are the differences between the federal debt, the budget deficit, and the primary budget deficit?
What will be an ideal response?