In the figure above, with international trade U.S. consumers buy ________ million T-shirts per year at ________ per T-shirt
A) 60; $5
B) 40; $8
C) 20; $5
D) 40; $5
E) 60; $11
A
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Suppose Sarah owns a small company that makes wedding cakes. The table below shows how Sarah's total cost varies depending on the number of wedding cakes she makes each day.Number ofCakes Per DayTotal CostPer Day0$1001$1802$2203$3004$4005$5206$660If the market for wedding cakes is perfectly competitive, and wedding cakes sell for $95 each, then at her profit-maximizing level of output, Sarah will earn a ________ of ________ per day.
A. loss; $100 B. profit; $15 C. loss; $15 D. profit; $285
Which of the following was true of the actions of the Federal Reserve in response to the recession of 2008?
a. The Fed shifted toward a highly restrictive monetary policy in 2008, which was a major cause of the recession. b. The Fed continued to focus only on price stability and therefore it expanded the money supply at a slow and steady rate throughout the recession. c. The Fed introduced several new procedures for the conduct of monetary policy and it increased the monetary base rapidly as the recession worsened. d. The Fed continued to purchase and sell only U.S. Treasury bonds when conducting open market operations to control the money supply.
An investment should be undertaken
A. any time the present value of the expected income stream associated with the investment is positive. B. if the present value of the costs of the investment project exceed the present value of the expected returns from the investment project. C. if the present value of the expected income stream associated with the investment is less than the full cost of the investment project. D. if the present value of the expected income stream associated with the investment is greater than the full cost of the investment project.
The "rational terrorist" is one that
A. devotes scarce resources to achieving a goal. B. weighs the costs and benefits of a goal. C. has a political goal. D. does all of the above.