A new Mexican restaurant opens in the city of Manchester. The residents are happy about this new restaurant because they are experiencing what externality?
product-variety externality
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For a given upward-sloping supply curve, an increase in demand for chocolate chips will result in a:
a. ?lower equilibrium price and a higher equilibrium quantity. b. ?higher equilibrium price and a lower equilibrium quantity. c. ?lower equilibrium price and a lower equilibrium quantity. d. ?higher equilibrium price and a higher equilibrium quantity. e. ?decrease in the quantity supplied of chocolate chips.
Suppose y = Ak1/4, the capital-labor ratio is $40,000 per worker, the level of total factor productivity is 800, 70% of the population works, and there are 70 million workers. Real GDP per worker is
A) $5,000.00. B) $7919.60. C) $11,313.71. D) $14,142.14.
The financial system consists of financial ________, such as commercial banks, and financial markets, such as the stock market.
A. intermediaries B. allocations C. brokers D. corporations
A prolonged period during which stock prices continue to decline is known as a
a. bear market b. bull market c. crash d. depression e. none of these