The dollar value of total output in the United States
A. equals the market value of all final goods and services produced in the United States.
B. equals the value of all physical goods sold in the United States.
C. equals the value of all resources that can be found in the United States.
D. equals all the value of U.S. stocks on the world's stock exchanges.
Answer: A
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In 2015, Ford Motor Company's sales were rising. These events were caused by
A) improving quality of service. B) an economic recession. C) an increase in advertising. D) an economic expansion.
Mary has invented a new mousetrap that she believes will be better than any other. To raise money for production, she talks with a ________________, which offers to provide her with enough money as well as advice and connections in exchange for a substantial percentage of her profits.
a. local bank b. stockbroker c. venture capital firm d. bond trading company
The main component of the monetary union created by the Treaty of Maastricht is a(n)
A. single currency. B. gold standard. C. bilateral barter system of currencies. D. unified stock market.
If the opportunity costs of producing a good increase as more of that good is produced, the economy's production possibility frontier will be
A. a negatively sloped straight line. B. negatively sloped and "bowed inward" toward the origin. C. negatively sloped and "bowed outward" from the origin. D. a positively sloped straight line.