Total revenue minus total cost is equal to
A. profit.
B. the rate of return.
C. net cost.
D. marginal revenue.
Answer: A
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Which is most likely to be observed in a community where price ceilings are imposed on residential rents?
A. Those whose needs for housing are most urgent will be able to obtain the space they want. B. Poor people will be able to find adequate housing. C. Homeowners will reduce their own use of housing space, making more available to others. D. People moving into the community will have difficulty locating residential space to rent.
People react to an excess supply of money by:
a. buying bonds, thus driving down the interest rate. b. selling bonds, thus driving down the interest rate. c. selling bonds, thus driving up the interest rate. d. buying bonds, thus driving up the interest rate.
Industrial policy is the idea that government using taxes, ________ , regulations, and coordination of the private sectors provide domestic industries a competitive advantage over foreign competitors
a. deregulations b. price ceiling c. subsidies d. price floors
Which of the following would cause the aggregate demand curve to decrease, ceteris paribus?
a) An increase in income taxes. b) An increase in the value of the stock market. c) Strong performance of foreign economies. d) A decrease in interest rates.