How much is autonomous consumption when disposable income is $2 trillion?
A. 0
B. $1 trillion
C. $1.5 trillion
D. $2 trillion
B. $1 trillion
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By spreading her investments out over many different assets, an investor achieves
A) a higher expected return. B) increased risk. C) diversification. D) greater liquidity.
In the long run when a perfectly competitive firm experiences negative economic profits
A) the high barriers to entry prevent further competition. B) existing firms exit the industry. C) additional firms enter the industry. D) firms have no incentive to exit or enter the industry.
If the quantity of money supplied is greater than the quantity demanded, then prices should fall
a. True b. False Indicate whether the statement is true or false
Currently, college graduates are earning about ____ more than high school grads over the course of their careers.
A. $100,000 B. $1,000,000 C. 25 percent D. 60 percent