The Great Depression ________
A) was largely confined to the United States
B) was largely confined to European markets
C) was largely confined to Asian markets
D) was worldwide in scope
D
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Jess owns a sandwich shop. the price of a sandwich recently increased from $5 to $7. jess responded by increasing the quantity of sandwiches she supplied from 70 to 90 per day. using the midpoint method, jess's price elasticity of supply is equal to
a. 4 00. b. 0.75. c. 1.33. d. 3.00. e. 1.50.
In recent years, established U.S. stock exchanges have faced significant competition from
A. new start-ups. B. small, regional stock markets. C. foreign stock markets. D. people buying and selling stocks online
When should a firm shut down in the short run?
a. When its revenues cannot cover its variable costs b. When its revenues cannot cover its fixed costs c. When price equals the minimum average variable d. When it is unable to make any accounting profits
Suppose Russia can produce either 600 pianos or 400 HDTVs, and Italy can produce either 300 pianos or 150 HDTVs. Implicitly, Russia has
A. Both an absolute and a comparative advantage in HDTVs. B. Neither a comparative nor an absolute advantage in HDTVs. C. An absolute but not necessarily a comparative advantage in HDTVs. D. A comparative but not necessarily an absolute advantage in HDTVs.