A newspaper article informs you that most businesses reduced production in the last quarter but also sold from their inventories during the last quarter. Based on this information GDP likely
a. increased.
b. decreased.
c. stayed the same.
d. may have increased, decreased, or stayed the same.
b
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Use the following graph to answer the next question.
If the industry were a pure monopoly, the profit-maximizing price would be ________.
A. $8 B. $14 C. greater than $16 D. $16
The composition of demand and supply in various markets is not important to the question of inflation.
a. True b. False Indicate whether the statement is true or false
An In the News article is titled "Where Do Start-ups Get Their Money?" Venture capital is important to an economy because it
A. Slows the growth of technology, which serves as an important correction for the economy. B. Increases the pace of innovation and economic growth. C. Slows the pace of innovation and economic growth. D. Helps keep inefficient firms out of the industry.
Suppose the Move It! exercise chain has revenues of $45 million, accounting costs of $15 million, and currently has issued 10 million shares of stocks selling at $90 each. Compute the price-earning ratio. Show your work. Is this ratio relatively high or low? What might an increase in the price-earnings ratio indicate?