How many cars will this country import in an open economy situation?
A. 60,000
B. 20,000
C. 80,000
D. 40,000
Answer: D
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Out of the various types of M1 (demand deposits, coins and bank notes), only demand deposits
(a) can be used to generate loans by banks. (b) serve as a medium of exchange. (c) serve as a unit of account. (d) store value.
Explain what occurs in the capital market
What will be an ideal response?
Consider an unregulated monopoly in Figure 8.13. At the firm's profit-maximizing output level, its total revenue is:
A. $1,000,000. B. $200,000. C. $800,000. D. $600,000.
In 2004, the worldwide demand curve for cement moved to the right. What does this mean?
A. At any price, the quantity demanded was lower. B. At the market a given price only, the quantity demanded was higher. C. At any price, the quantity demanded was higher. D. At the market price only, the quantity demanded was lower.