The most volatile component of aggregate demand is
A. consumption spending.
B. government spending.
C. investment spending.
D. net exports.
Answer: C
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Which of the following may yield economies of team production for Jitters Coffee Company, Inc?
A) dividing the process of packaging and shipping coffee into several specialized tasks, each performed by different people B) expanding into a larger coffee packaging plant C) expanding into the packaging and sale of tea and powdered chocolate D) all of the above
If air pollution control is a public good, it follows that:
A. additional persons can benefit from a given amount of air pollution control without reducing the benefits enjoyed by others. B. the efficient output of air pollution control is zero. C. the more air pollution control enjoyed by any one person, the less is available to others. D. the efficient output of air pollution control can be attained by selling it by the unit in a market.
When the economy is at full? employment, which types of unemployment? remain?
What will be an ideal response?
Refer to the diagram. At output level Q average fixed cost:
A. is equal to EF.
B. is equal to QE.
C. is measured by both QF and ED.
D. cannot be determined from the information given.