From the highest percentage to the lowest percentage, the percentage of profits earned by businesses in the United States is represented by which of the following?
A) partnerships, corporations, sole proprietorships B) corporations, sole proprietorships, partnerships
C) corporations, partnerships, sole proprietorships D) sole proprietorships, partnerships, corporations
C
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Net exports ________
A) are heavily determined by foreign demand for domestic goods B) are heavily determined by domestic demand for domestic goods C) are independent of domestic interest rate fluctuations D) all of the above E) none of the above
If the real interest rate in the domestic loanable funds market increases,
a. firms will have an added incentive to undertake investment projects. b. households will save less. c. the net inflow of foreign capital will tend to increase. d. it will be cheaper to purchase goods and services now rather than in the future.
"The deadweight loss of a monopoly equals the monopoly firm's profits." Do you agree or disagree? Why?
What will be an ideal response?
According to the principle of comparative advantage, a nation should specialize in economic activities
A. for which it has an absolute advantage. B. for which it has no absolute advantage. C. that incur lower opportunity costs. D. that incur higher opportunity costs.