Answer the question on the basis of the following data. All figures are in billions of dollars. Gross Investment 18 National Income 100 Net Exports 2 Personal income 85 Personal Consumption Expenditures 70 Saving 5 Government Purchases 20 Net Domestic Product 105 Statistical Discrepancy 0 Refer to the above data. Consumption of fixed capital is:
a) $5.
b) $10.
c) $20.
d) $30.
a) $5.
Economics
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One barrier to entry into a monopoly market is:
A. a natural monopoly. B. commonplace inputs. C. bulk buying. D. price gouging.
Economics
A _________ card is an instruction to the user’s bank to transfer money directly and immediately from your bank account to the seller.
a. smart b. debit c. credit d. money
Economics
Why can a monopoly earn economic profits in the long run?
What will be an ideal response?
Economics
Nominal GDP uses current year prices to measure GDP.
Answer the following statement true (T) or false (F)
Economics