The term after the bell means after the closing of the stock market
Indicate whether the statement is true or false
True
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A period of time in which the quantity of all factors of production used by a firm can be varied is called the
A) market period. B) variable run. C) short run. D) long run.
Jessica makes photo frames. She spends $5 on the materials for each photo frame. She can create one photo frame in an hour. She earns $10 per hour at a part-time job at the local coffee shop. She can sell a photo frame for $30 each. An economist would calculate the total profit for one photo frame to be
a. $10. b. $15. c. $20. d. $25.
When economists express the deficit, they generally do it as:
A. the total amount the government overspent. B. a percentage of the amount of taxes they collect. C. a percentage of total GDP. D. a partitioned amount based on where the government spent the money.
Which of the following is an investment in human capital?
A. Displaced workers return to school to update their skills. B. Rayburn Tool and Die Company purchases a new die-cutting machine. C. Thompson Temp Agency replaces its desktop computers with laptop computers. D. The city government green lights the construction of a new concert arena.