The total value of capital in the United States is around

A) $50 trillion.
B) $10 trillion.
C) $79 trillion.
D) $100 trillion.
E) $145 trillion.


A

Economics

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The demand curve for a typical good has

A. a negative slope because consumers purchase less of the good as the price rises. B. a negative slope because the supply of the good rises as demand rises. C. a negative slope because the good has less “snob appeal” as its price falls. D. a positive slope because as the price goes up, the good has more profitability. E. a positive slope because price is a clear indicator of need.

Economics

If a firm hires 312 workers it will produce 4,522 units of output. If it hires 313 workers it will produce 4,786 units of output. The marginal physical product of labor equals

A) 4,786. B) 313. C) 264. D) 1.

Economics

If net taxes decrease by $500 billion, both household disposable income and consumption spending will increase by $500 billion

a. True b. False

Economics

If the aggregate supply curve is upward sloping, then an increase in autonomous consumption leads to a(n)

A. no change in aggregate demand and no change in the price level. B. decrease in aggregate demand and a fall in the price level. C. increase in aggregate demand and a rise in the price level. D. decrease in aggregate demand and a rise in the price level.

Economics