As a firm moves to higher isocost lines
A) its input price ratio increases. B) its profits increase.
C) its total cost increases. D) its revenue increases.
C
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One of the limitations of aggregate accounting is that:
A. it doesn't take depreciation into account. B. it measures market activity, not social welfare. C. it includes market transactions that should be excluded. D. there isn't enough data available in most developed countries to have national income accounts.
A decrease in the price of digital cameras will:
A. cause the demand curve for memory cards to become vertical. B. shift the demand curve for memory cards to the right. C. shift the demand curve for memory cards to the left. D. not affect the demand for memory cards.
If the government's spending exactly equals its revenues during a budget year, that government is
A. balancing its budget. B. experiencing a budget surplus. C. running a budget deficit. D. paying off its public debt.
Due to lowering its prices to compete with its rivals, increased competition from Airbus, and cuts to military spending, Boeing announced it would ________ the number of persons it employed in 2017 and this would ________ the total number of persons
unemployed in the economy. A) decrease; increase B) decrease; decrease C) increase; decrease D) increase; increase