The above table shows some cost data for Tracey's Tents. What is the marginal cost of the 3rd tent?
A) $25
B) $20
C) $70
D) $120
A
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The purchase and sale of financial instruments is not included in calculations of investment spending because ________
A) not all of these transactions are reported to the federal government B) both foreign and domestic economic agents can engage in the described transactions, but only U.S. economic agents can engage in investment C) they do not necessarily lead to a change in the amount of output produced in the United States D) they are already including in consumption spending
If population increases, which of the following will be true? a. GDP will increase
b. GDP per capita will fall at a faster rate than the increase in population. c. GDP must increase if the same standard of living is to be maintained. d. The labor force must increase if the same standard of living is to be maintained. e. Overall demand will increase, but per capita aggregate demand will remain constant.
Discuss the history of labor union membership in the United States since the late 19th century.
What will be an ideal response?
According to the quantity theory of money, the price level decreases in equal proportion to
A) a decrease in the nominal interest rate. B) an increase in the real interest rate. C) an increase in the income velocity of money. D) a decrease in the money supply.