Company towns have situated largely in the
A. East.
B. South.
C. Midwest.
D. West.
B. South.
You might also like to view...
In the aggregate demand-aggregate supply model, the economy's price level is assumed to be ________.
A. constant, just like in the aggregate expenditures model B. variable, unlike in the aggregate expenditures model C. constant, unlike in the aggregate expenditures model D. variable, just like in the aggregate expenditures model
The "nominal" interest rate is the
A) rate actually quoted in financial markets. B) rate actually quoted in financial markets minus the expected inflation rate. C) rate actually quoted in financial markets plus the expected inflation rate. D) rate actually quoted in financial markets divided by the expected inflation rate.
The GDP deflator but not the CPI takes into account
a. The prices of imports that consumers buy b. Investment goods bought by businesses c. Goods bought by the government d. Both b. and c.
The Perez Lumber Company sells boards in a perfectly competitive market. The current marginal cost of boards at the current output of 445 board feet per month is $3.57 per board foot. The price of lumber is currently $3.57 per board foot, and the minimum possible average variable cost of producing lumber is $3.88 per board foot. If the firm wants to maximize profit (or minimize losses), it should
a. decrease monthly output to 200 board feet. b. shut down immediately. c. continue producing at its current output level. d. increase monthly output above 445 board feet.