All economic activities in the economy are included in the GDP.
Answer the following statement true (T) or false (F)
False
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If a struggling perfectly competitive furniture store in Detroit shuts down, it incurs an economic loss equal to its
A) marginal cost. B) total fixed cost. C) total variable cost. D) average variable cost. E) average total cost.
Which of the following would shift the supply curve to the right?
A) A rise in the expected future price of the good B) A rise in the costs of producing the good C) Fewer producers in the industry D) All of the above. E) None of the above.
A point to the left of the LM curve would represent a situation in which
A) money demand is greater than money supply. B) money supply is greater than money demand. C) money demand is greater than goods demand. D) money demand is less than goods demand.
Which of the following factors would tend to increase the size of the premium on an options contract?
A) The option is near its expiration date. B) The current default-risk-free interest rate is high. C) The price volatility of the underlying asset is low. D) The option is far away from its expiration date.