Savings are an example of
A) a depreciation concept. B) a flow concept.
C) a stock concept. D) an investment concept.
C
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Which of the following is not a key feature of monopolistic competition?
a. Excess capacity b. A markup of price over marginal cost c. Positive economic profits for firms in the long run d. Differentiated products among firms in the market
Goods that cost one dollar in the U.S. cost one euro in France, the real exchange rate would be computed as how many French goods per U.S. goods?
a. one b. the price of the U.S. goods c. the number of euros that can be bought with one U.S. dollar d. None of the above is correct.
A little more than half of state and local expenditures are applied to ______.
a. defense b. education and healthcare c. police and fire protection d. roads
A outward shift of the aggregate supply curve could be caused by
A. higher import prices. B. lower import prices. C. energy shortages. D. rising wage rates.