National income accounts assist
A. Economic policy makers in formulating policies and evaluating performance.
B. Analysts in measuring the performance of the stock market.
C. Market investors in making more profitable investments.
D. Individuals in maximizing their incomes.
Answer: A
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Consider an industry with two firms producing similar products. Each firm's total cost (in dollars) is given below. Mega Corp: TC = 5,000 + 100Q Big Inc: TC = 4,000 + 200Q When each firm produces 8 units, ________ has a lower total cost, and when each firm produces 12 units, ________ has a lower total cost.
A. Mega Corp; Mega Corp B. Big Inc; Mega Corp C. Big Inc; Big Inc D. Mega Corp; Big Inc
According to the United Nations, Millennium Development Goals Report, the annual growth in % of slum population from 1990-2001 has been the largest in:
(a) Latin America and the Caribbean (b) South-East Asia (c) Sub-Saharan Africa (d) Southern Asia
In the 19th century, Russian peasants noticed that during cholera epidemics there were lots of doctors around; in an attempt to eliminate cholera, they killed all the doctors. This is an example of
a. mistaking correlation with causation. b. the fallacy of opportunism. c. excessive abstraction. d. rationality. e. marginal analysis.
Monetary policy directed at expanding GDP growth would include the following?
A. Selling bonds and increasing the discount rate B. Buying bonds and increasing the discount rate C. Decreasing the discount rate and increasing the reserve requirement D. Decreasing the discount rate and buying bonds