The equation for aggregate expenditure can be written as:
A. C+I+GDP
B. C+Inventory+G+NX
C. C+I+G+NX
D. C+I+G+Exports
C. C+I+G+NX
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The limited liability enjoyed by Jitters Coffee Company Corporation is a benefit that protects
A) its employees. B) its Board of Directors. C) its stockholders. D) all of the above
In the above figure, if the market price is $10, the firm
A) produces 10 units. B) produces 12 units. C) shuts down operations. D) produces 11 units.
Brokerage houses may differ in the
A. fees they charge. B. services they provide. C. stock exchanges on which they hold seats. D. All of these responses are correct.
If a country has a comparative advantage in the production of all goods, it should:
a. specialize in the production of goods with the lowest opportunity cost. b. specialize in the production of goods with the highest opportunity cost. c. specialize in the production of goods with the absolute advantage. d. specialize in the production of goods without the absolute advantage. e. not specialize at all and produce all the goods itself.