Which of the following statements is true about the United States over the past fifty years?
A) There is no evidence of political business cycles in the United States.
B) The debt-to-GDP ratio has been roughly constant.
C) Under either party, output growth has been generally higher in the year preceding an election than in other years.
D) none of the above
C
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Ray's Radios believed the synergies between radio production and battery production could be realized if he expanded. However, due to overseeing the battery expansion Ray devoted less time to the radio business leading to the radio unit costs increasing. Ray's Radios is experiencing
a. Economies of scale b. Economies of scope c. Diseconomies of scale d. Diseconomies of scope
The interest rate effect suggests that
A. a decrease in the price level decreases the interest rate, which causes businesses and consumers to reduce desired spending. B. an increase in the price level increases the money supply, which causes businesses and consumers to increase desired spending. C. an increase in the price level decreases the interest rate, which causes businesses and consumers to reduce desired spending. D. an increase in the price level increases the interest rate, which causes businesses and consumers to reduce desired spending.
A cost not borne by the producer but borne by other people is known as ________ cost
A) a marginal B) an internal C) an external D) a nonessential E) a subsidized
An example of a renewable resource would be:
A. a river. B. coal. C. natural gas. D. All of these are examples of renewable resources.