A U.S. publisher purchases new computers that were manufactured in the U.S. This purchase by itself makes
a. a positive contribution both to investment and to GDP.
b. a positive contribution both to consumption and to GDP.
c. a positive contribution to GDP, but it does not affect investment or consumption.
d. a positive contribution to investment, but it does not affect GDP.
a
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Suppose Hillary was offered the following choice: Option 1 is to win $10 for sure and Option 2 is to win $20,000 with odds of 1 in 2,000 and otherwise to win nothing. If Hillary is risk loving she:
A. will choose Option 1. C. is indifferent between the two. D. will choose Option 1 or Option 2 with equal probability.
Complete the table below, assuming that the price of a unit of output is $40 and that the cost of hiring one more unit of labor is $300 per week. Phil's Lawn Care Units of LaborOutput per WeekMarginal ProductMarginal Revenue125 240 350 456 560
What will be an ideal response?
Within the AD/AS model, an increase in capital formation that permits the economy to achieve a larger output will
What will be an ideal response?
You agree to lend ________ to a friend for a year at an annual interest rate of 10%. At the end of the year your friend pays you $500 in interest.
A. $50 B. $550 C. $5,000 D. $5,500