Figure 1A.2Refer to Figure 1A.2. The slope of the curve:
A. is negative.
B. is positive.
C. is zero.
D. changes along the curve.
Answer: A
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Last year, on advice from your sister, you bought stock in Burpsy Soda at $100/share. During the year, you collected a $2 dividend and then sold the stock for $120/share. You experienced a
A) dividend yield of 9%. B) dividend yield of 20%. C) dividend yield of 11%. D) total return of 20%. E) total return of 22%.
If the price level is fixed, then an increase in government spending will lead to
A) a larger increase in nominal GDP than in real GDP. B) a smaller increase in nominal GDP than in real GDP. C) no increase in either nominal GDP or real GDP. D) an increase in nominal GDP by the same amount as an increase in real GDP.
In perfect competition, a profit-maximizing business will expand production until its _________ equals the market price.
A. marginal product B. marginal cost C. marginal revenue D. average cost
An increase in price will cause a firm's total revenue to increase if demand is price elastic
a. True b. False Indicate whether the statement is true or false