Problems in _____________ are another possible cause of recessions.
A. agricultural markets
B. intermediate input markets
C. financial markets
D. aggregate inputs
Answer: C
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An airline's flight is about to take off. It has a few empty seats left aboard. If it lowers its prices, it can fill the remaining seats and fly at full capacity. What should be done?
a. Sell the additional standby seats at a discount since the marginal costs of the additional passenger are almost zero and fly at full capacity b. Sell the additional standby seats without a discount c. Don't offer the additional seats for any price d. none of the above
A $100 annuity is
a. $100 received in a single year b. $100 received each year forever c. more or less than $100, dependent on the interest rate, received for a certain number of years d. $100 received each year for a certain number of years e. more or less than $100, dependent on the interest rate, received until an upper limit is reached
If total consumption is $5 billion, investments $2 billion, government purchases $1 billion, exports $1 billion, and imports $3 billion, the GDP must equal:
A. $6 billion. B. $12 billion. C. $9 billion. D. $3 billion.
Since 1960, countries in Africa have grown at rates ________ those of the main industrial countries
A) far below B) far above C) about the same D) slightly below E) slightly above