Which of the following countries (or regions) produces the most output annually?
A. Japan.
B. United States.
C. Germany.
D. China.
Answer: B
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The interest payment on a bond is called
A) the coupon payment. B) the face value. C) principal. D) the interest rate.
The difference between a firm's total revenues and total costs when all explicit and implicit costs are included is the firm's
a. economic profit. b. accounting profit. c. opportunity cost of capital. d. long-run average total cost.
You are assigned a group project for the class, you will be graded as a group, and your individual grade will be decided on the group's performance relative to other groups. Would you like this arrangement?
What will be an ideal response?
The total fixed cost function
A. is U-shaped. B. is a downward sloping line. C. is an upward sloping line. D. is horizontal.