In the above figure, the equilibrium level of real GDP per year is
A) $1.0 trillion. B) $3.0 trillion. C) $2.0 trillion. D) $4.0 trillion.
D
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Refer to the scenario above. What is likely to be the impact on Firm B's sales if none of the firms decide to sponsor the event?
A) A 7% increase in sales B) A 0% increase in sales C) A 2% increase in sales D) A 10% increase in sales
In most cases, the higher is the quality of the collateral for a loan is
A) the higher is the interest rate. B) the lower is the interest rate. C) the riskier is the loan. D) the greater is the handling charge for the loan.
Figure 10-1
?
If the profit-maximizing firm depicted in Figure 10-1 is perfectly competitive, how much output should it produce?
A. A B. B C. C D. D
All of the points inside a production possibilities frontier are ____; all of the points outside the production possibilities frontier are ____
a. efficient, inefficient b. optimal, irrational c. attainable, unattainable d. rational, zero-cost e. unattainable, efficient