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
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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.
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)
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.
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