Which graph shows the impact of scientists developing a more powerful fertilizer?
A) Figure A
B) Figure B
C) Figure C
D) Figure D
A
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The table below gives the quantities and prices for 2000 and 2010 for an economy that produces just two goods: sailboats and coconuts. Quantity producedPrice 2000201020002010Sailboats1020$500$525Coconuts2,0002,400$1$2For this economy that produces just sailboats and coconuts, and with 2000 is the base year, real GDP was approximately ______ times larger in 2010 than it was in 2000.
A. 1.34 B. 1.77 C. 1.65 D. 2.19
Donna owns the only dog grooming salon on Lonely Island. The figure above shows the dog grooming market. Donna is a single-price monopoly that maximizes profit by charging ________ per grooming and producing ________ groomings per day
A) $30; 8 B) $20; $8 C) $20; $12 D) None of the above answers is correct.
Buying insurance is similar to
A) selling risk. B) irrationally avoiding life's risks. C) being a free rider. D) buying risk.
When finding GDP algebraically, what is the final, unique equation that can be used?
a. GDP = C + Ip + G + NX b. GDP = AE + NX + T c. GDP = C + I + G + NX d. GDP = Y + T + G e. GDP = C + I + NX