A firm's value added can be measured as the value of its
A) profits. B) total sales.
C) total sales, less purchases from other firms. D) purchases of inputs from other firms.
C
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If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. Monetary base to rise. b. M2 money supply to rise. c. M2 money multiplier to rise. d. Monetary base to remain the same.
If the economy produces 12 capital goods and 40 consumer goods,
Hypothetical Production Schedule for a Two-Product Economy
A. it is producing outside its production possibilities curve.
B. this combination of output will most likely result in economic growth.
C. the ability to produce more consumer goods can only be realized by sacrificing capital goods.
D. this economy has some unemployed resources.
Commercial paper refers to:
A. short-term collateralized securities issued only by corporations. B. unsecured short-term debt issued by corporations and governments. C. any debt security with a maturity exceeding one year. D. the financial publications read by the CEO's of public corporations.
Other things being equal, demand is less elastic
A) the more expensive the good is. B) the smaller the percentage of a total budget that a family spends on a good. C) the longer is the time period for adjustment. D) the more substitutes a good has.