In 2011, there were about _____ million union members in the United States
A. 8.4
B. 11.8
C. 14.8
D. 15.7
Answer: C
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A third-degree price-discriminating pure monopoly will follow a system where ________.
A. buyers with relatively more inelastic demands are charged lower prices than buyers with relatively more elastic demands B. the price of the product is held the same even if the demand changes C. buyers with relatively more inelastic demands are charged higher prices than buyers with relatively more elastic demands D. all buyers are charged the same price regardless of their elasticity of demand
An economy recently reported nominal GDP of 3 trillion euro and a GDP deflator of 200 . What was real GDP?
a. 1.5 trillion euro, and real GDP is a better gauge of economic activity than nominal GDP. b. 1.5 trillion euro, but nominal GDP is a better gauge of economic activity than real GDP. c. 6 trillion euro, and real GDP is a better gauge of economic activity than nominal GDP. d. 6 trillion euro, but nominal GDP is a better gauge of economic activity than real GDP.
Which of the following would cause a decrease in aggregate demand?
A) a rise in wages B) an increase in the money supply C) a fall in investor confidence D) an increase in the price level
Should you stay in school beyond the current semester? Describe how you might use the neoclassical theory of investment to help you decide
What will be an ideal response?