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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Explain what occurs in the capital market
What will be an ideal response?
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.
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.