Any such pollution is
A) an external benefit.
B) an external cost.
C) a private cost.
D) a private benefit.
B
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What is measured on the vertical axis when we draw a graph of long-run aggregate supply?
A) output of consumer goods B) real GDP C) production of capital goods D) the price level
If an economy grows at 6 percent per year, how many years would it take for real GDP to double?
What will be an ideal response?
The best time to purchase the stock of a corporation capable of generating large earnings in the future is when
A) everyone expects its future earnings to be larger than they are now. B) the price of the stock is lower than it has been in recent years. C) the price of the stock is higher than it has been in recent years. D) you alone expect its future earnings to be larger than they are now. E) you know the corporation has already started to generate large earnings.
When a firm sets a price relatively low in order to increase the market share, it is referred as
A) price skimming. B) limit pricing. C) penetration pricing. D) predatory pricing.