A mixed capitalist economy is one in which

a. decisions are based primarily on religion or custom
b. all resources are publicly owned and economic planning is centralized
c. all resources are privately owned and prices are used to coordinate economic activity
d. resources are both publicly and privately owned and some markets are regulated
e. all resources are publicly owned and prices are used to coordinate economic activity


D

Economics

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In the figure above, the equilibrium market price is $20. The producer surplus is shown by the area

A) A. B) B. C) A + B. D) A ÷ B. E) A - B.

Economics

A U.S. tariff on textiles would ________ U.S. clothing prices and ________ jobs in the U.S. textile industry

A) reduce; decrease B) reduce; increase C) raise; decrease D) raise; increase

Economics

The rapid growth of China, India, and other developing countries is pushing the global demand curve for oil to the right.

Answer the following statement true (T) or false (F)

Economics

Refer to the data provided in Table 9.4 below to answer the question(s) that follow.  Table 9.4qTFCTVCTCMCAVCATC0$100  $0$100  ----  --  11004014040  40  140  21006016020  30   80  31009019030  30    63.334100124  224  343156  5100180  280  56  36  56  6100  264    364  84  44    60.677100  372    472  108  53.14  67.42Refer to Table 9.4. If the market price is $56 and the firm produces 5 units of output, then its profit would be

A. -$100. B. -$88. C. $0. D. $36.

Economics