Which of the following is a component of net domestic product (NDP), but NOT of national income?
A. indirect business taxes
B. personal taxes
C. corporate taxes
D. capital consumption allowance
Answer: A
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The table above shows a total product schedule. Suppose that labor costs $20 per worker and fixed costs are $60. The average total cost of producing 80 units equals ________ per unit
A) $0.75 B) $1.00 C) $1.75 D) $60 E) $0.25
If the balance of the current account in the United States is -$900 billion, which of the following is most likely to be true?
A) The balance on the financial account is positive. B) Net foreign investment is positive. C) The trade balance is positive. D) The balance on the capital account is negative.
With which country did the Debt Crisis of the early 1980s begin?
A) France B) Mexico C) Argentina D) Japan E) Germany
Which of the following is a property of a typical indifference curve?
a. upward sloping b. bowed away from the origin c. does not intersect another indifference curve d. a higher one is preferred to a lower one