The goods market equilibrium condition in an open economy shows that
A. Sd = NX - Id.
B. NX = Sd - Id.
C. Sd = Id - NX.
D. Sd = Id.
Answer: B
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A the beginning of 2012, you pay $100 for a share of stock that then pays you a dividend of $1 at the beginning of 2013. If the stock price rises from $100 to $109 per share over the year, then you have earned an annual rate of return of
A) 5 percent. B) 1 percent. C) 9 percent. D) 4 percent. E) 10 percent.
Exhibit 9-2 A monopolistic competitive firm
?
Comparing the monopolistically competitive firm in Exhibit 9-2 to the long-run profit-maximizing outcome for a perfectly competitive firm with a price of $15 per unit and a quantity of 600,
A. the quantity produced by the monopolistically competitive firm is higher than that of the perfectly competitive firm. B. the profit earned by the monopolistically competitive firm is higher than that of the perfectly competitive firm. C. the marginal revenue of the monopolistically competitive firm is lower than that of the perfectly competitive firm at the profit-maximizing quantity. D. the long run average cost of the monopolistically competitive firm is higher than that of the perfectly competitive firm at the profit-maximizing quantity.
If the CPI is 85, by what percent did prices decline since the base year?
What will be an ideal response?
In an hour Jane can solder 50 connections or inspect 20 parts while Jim can solder 25 connections or inspect 20 parts in an hour
A) Jane has a comparative advantage over Jim in both soldering and inspecting. B) Jane has a comparative advantage over Jim in soldering while Jim has a comparative advantage in inspecting. C) Jim has a comparative advantage over Jane in soldering while Jane has a comparative advantage in inspecting. D) Jim had a comparative advantage over Jane in both soldering and inspecting.