In the short run, if a firm operates, it earns a profit of $500. The fixed costs of the firm are $100. This firm has a producer surplus of
A) $500.
B) $100.
C) $400.
D) $600.
D
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The gross domestic product of a small country which has a population of 200,000 is $56,000,000. The income per capita of the country is ________
A) $280 B) $200 C) $50 D) $100
The real power within the Federal Reserve lies with the
A) Council of Economic Advisors. B) Council of Monetary Advisors. C) Board of Governors. D) Federal Reserve District banks.
Taxes
A. are mandatory payments. B. are necessary for financing government expenditures. C. do not directly relate to the benefit of government goods and services received. D. all of these answer options are correct.
The Fed shifted from emphasizing the importance of a target interest rate to emphasizing the importance of a target money supply in order to
a. combat inflation in the economy b. combat unemployment in the economy c. spur economic growth in the economy d. create a better balance of trade for the economy e. combat deflation in the economy