The basic activity of a firm is
A) to set the prices of its products as high as possible.
B) to compete with other firms that produce similar products.
C) to provide jobs for its employees.
D) to use inputs to produce outputs of goods and services.
Answer: D
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In the United States the underground economy has been valued at around:
A. 9 percent to 10 percent of GDP. B. 2 percent or 3 percent of GDP. C. 7 percent or 8 percent of GDP. D. 5 percent to 6 percent of GDP.
In the above figure, no relationship between x and y is shown in Figure
A) A. B) B. C) C. D) D. E) A and Figure B.
The economy is at full employment when
A) there are no unemployed workers. B) all unemployment is frictional or structural. C) there are fewer unemployed workers than available jobs. D) all unemployment is cyclical.
A falling dollar makes U.S. goods
A) more expensive abroad and increases the volume of U.S. exports. B) less expensive abroad and increases the volume of U.S. exports. C) less expensive abroad and decreases the volume of U.S. exports. D) more expensive abroad and decreases the volume of U.S. exports.