Refer to Figure 3-5. At a price of $15, the quantity sold
A) is 2 units. B) is 4 units.
C) is 6 units. D) cannot be determined.
A
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Net exports:
a. will increase if exports of goods decline. b. will increase if imports of goods rise. c. in our GDP accounts permit estimation of foreign ownership of American businesses. d. include budgetary outlays of the federal government. e. is the net effect of the foreign trade sector on GDP.
When a firm earns economic profit
A) accounting profits are zero. B) market share has be capitalized. C) other firms enter the market. D) total revenue has been maximized.
Which of the following could trigger demand-side inflation?
a. a decrease in the money supply b. an increase in taxes c. an increase in government spending d. an increase in interest rates
As a holder of ________, you are entitled to a portion of the issuing party's profits.
A. a corporate bond B. a bank loan C. a government bond D. a share of common stock