In an open economy, the quantity supplied of bushels of corn is ________. 
A. 300 million bushels
B. 600 million bushels
C. 900 million bushels
D. 150 million bushels
Answer: C
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The reason a corporation has retained earnings is to
A) pay unemployment taxes. B) make investments that will increase the value of the stock. C) avoid the double taxation of corporate profits. D) be able to make unemployment payments.
One cause of market failure may be the absence of clearly defined property rights
a. True b. False Indicate whether the statement is true or false
Do all valuable items have price tags?
a. No, because some valuable items have no opportunity cost. b. Yes, because everything has its price. c. Yes, because price is the measure of opportunity cost. d. No, some have no explicit price on them. e. Yes, because only items that can be sold in markets have value.
A system of accounts that measures the transactions of goods, services, income, and financial assets between domestic households, businesses, and governments and residents of the rest of the world during a specific time period is the
A. current account. B. capital account. C. balance of payments. D. balance of trade.