Refer to Figure 16-1. With perfect price discrimination, the firm will produce and sell
A) Q1 units. B) Q2 units. C) Q3 units. D) Q4 units.
C
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A transfer payment is
a. income that is received but not earned b. income that is earned but not received c. included in GDP to account for the spending on capital depreciation d. part of personal disposable income but not personal income e. always equal to the taxes that the government collects
Which of the following line items was the largest credit for 2017?
a. service exports
b. service imports
c. imports of goods
d. exports of goods
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A. B. C to D. C. B to D. D. A to C.
Refer to the graph below. If Qf is potential GDP, wages and prices are flexible, then the long-run aggregate supply curve will be:
A. AS2
B. AS1
C. A vertical line at Qf
D. A vertical line at Q1