Which of the following is the geometric mean of 4 and 9?
A) 6.5
B) 6
C) 36
D) 3.6
B
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Which of the following is "crowded out" by higher interest rates that can be the result of expansionary fiscal policy?
A) net exports B) private investment C) consumption D) All of the above are crowded out by higher interest rates.
If the government imposes a ceiling price on apartment rents, we would expect to observe all of the following except one. Which is the exception?
a. an increase in the number of new apartment complexes being built b. long waiting lists for apartment seekers c. lower maintenance of existing apartments d. conversion of some apartment complexes to condos e. a shortage
To construct GDP, exports:
a. and imports must be subtracted. b. and imports must be included. c. must be included and imports must be ignored. d. must be included and imports must be subtracted.
Which of the following industries can create barriers to the entry of new firms due to size and specificity?
a. A hydroelectric power plant b. A garment manufacturer exporting apparels c. An owner of a retail chain d. An automobile manufacturing company