Which is not a cause for business cycles considered by macroeconomists?
A) shocks to money supply
B) greed
C) shocks to technological ability
D) variations in optimism
B
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The rate-of-return regulated public utility has strong incentive to control cost
Indicate whether the statement is true or false
If a German firm produces cars in the United States, that production should count towards Question 5 options:
A. German GDP. B. U.S. GDP. C. U.S. GNP. D. both U.S. GNP and German GDP.
Many ecologists argue that several species of whales are close to extinction. If this is TRUE, the reason is
A. whale-killing technology is too productive. B. the marginal benefit of hunting and killing a whale is greater than zero. C. whales are a type of common property. D. inadequate enforcement of international laws.
Mouthwash is sold in 24 oz bottles for $2.40 and in 12 oz. bottles for $1.20. This represents
A) price differentiation. B) price discrimination. C) marginal cost pricing. D) None of the above.