________ gross domestic product is the value of ________ linked back to the prices of a single year
A) Real; total production
B) Real; production possibilities
C) Productivity; the consumer price index
D) Nominal; total production
A
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In the above table, when output increases from 8 to 12 units, the marginal cost of one of those 4 units is
A) $1.20. B) $2.00. C) $5.00. D) $15.00.
In the circular flow model, the source of the factors of production used to create goods and services is the
a. product market b. resource market c. firms d. households e. exchange market
If an investor's primary stock holding is currently Exxon Mobil, the purchase of which of the following stocks would provide the investor with the largest reduction in risk?
a. BP / Amoco. b. Shell Oil Corporation. c. General Motors. d. Texaco.
Platform monopolies initially make large losses because they:
A. receive subsidies from other businesses. B. are trying to gain market share as quickly as possible. C. have to hire high-salary tech employees. D. receive subsidies from government.