Germany Inc refers to:
a. the use of corporations to produce output
b. the close relationship between government and business
c. raising capital through stock markets
d. interlocking directorates and cross holdings
e. none of the above
D
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When demand falls and supply stays the same,
A. equilibrium quantity rises. B. equilibrium quantity falls. C. equilibrium quantity stays the same.
What are network effects? How do they contribute to economies of scale?
What will be an ideal response?
In 2016 final sales equal $200 billion, and the change in business inventories is $50 billion. GDP in 2016
A. is $250 billion. B. is $200 billion. C. is $150 billion. D. is $40 billion.
After a price ceiling of $8 is placed on the market in the graph shown, which area represents producer surplus?
A. A + C + E B. C + D + F + G C. C + D + E D. E