In the United States, most workers
a. work for government of some sort.
b. produce raw materials for manufacturing.
c. work in agriculture and farming.
d. produce services rather than goods.
d
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Why is a sunk cost irrelevant to a firm's current decisions?
What will be an ideal response?
Which of the following is the best example of a public good?
a. Apples. b. Cars. c. Education. d. National defense.
The stock price of a firm is primarily a reflection of the
a. firm's current net earnings per share. b. firm's expected future net earnings per share. c. discounted value of the firm's expected future net earnings per share. d. firm's current net earnings per share multiplied by the interest rate. e. book value of the firm.
The country of Elbia has a GDP of $2,000 . consumption of $1,300, and government purchases of $400 . Which of the following is equal to $300?
a. domestic investment b. domestic investment plus net capital outflow c. domestic investment minus net capital outflow d. None of the above is correct.