The shutdown point is also referred to as the breakeven point
a. True
b. False
Indicate whether the statement is true or false
False
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In the above figure, a price floor of $4
A) leads to a shortage. B) leads to a surplus. C) has no effect. D) shifts the demand curve leftward.
The price used to sell goods or services between subsidiaries in a company is
A) the tax avoidance price. B) set at the marginal cost of the producing subsidiary. C) determined by the minimum of the average cost curve. D) a transfer price.
In 2007, investment in France increased by 7 billion euros. Which of following occurs?
I. an upward shift in the AE curve. II. a leftward shift in the AD curve. III. an increase in the price level and real GDP in the short run. IV. an increase in the price level and no change in real GDP in the long run. A) I, II, III and IV. B) I and III only. C) I, III and IV only. D) III and iv only.
In 2014, national defense spending as a proportion of GDP was highest in
A. Germany. B. the United States. C. Japan. D. the United Kingdom.