Which of the following equations is accurate?
a. M × V = P × Q = nominal GDP
b. M ÷ V = P × Q = nominal GDP
c. M × V = P ÷ Q = nominal GDP
d. M + V = P + Q = nominal GDP
a. M × V = P × Q = nominal GDP
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If a company plots its total profit curve, it would show
A. that the curve has a negative slope over the entire range of output. B. that the slope of the curve is negative, then zero and then becomes positive as output increases. C. that the slope of the curve is positive, then zero and then becomes negative as output increases. D. that slope is a constant at a value of one.
Regulatory agencies always protect consumers by forcing regulated firms to sell at the lowest possible price
a. True b. False Indicate whether the statement is true or false
Refer to the table shown.BotswanaZimbabweGoldNickelGoldNickel030009060200186012010036301800540Botswana's opportunity cost of producing nickel (in terms of gold) is:
A. 60. B. 3/5. C. 5/3. D. 100.
All of the following are part of the "taxes" provision of the Patient Protection and Affordable Care Act (ACA) except
A) pharmaceutical firms and health insurance firms pay new taxes. B) investors earning more than $200,000 pay a new tax on their investment income. C) beginning in 2018, all taxes on employer-provided health insurance plans will be reduced or eliminated. D) workers earning more than $200,000 pay higher Medicare payroll taxes.