Place point Y on the graph to indicate a deep depression.
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In general, the accounting of trade in goods and capital is known as the:
A. balance of trade. B. net capital outflow. C. balance of payments. D. trade surplus.
Checking account deposits are counted as part of the M1 money supply because
a. they earn interest income for the depositor. b. they are widely used as a means of making payment. c. banks hold currency equal to the value of their outstanding checking account deposits. d. they are ultimately the obligations of the Treasury.
Assume the initial equilibrium is at point D in Figure 9-13. If the market demand curve shifts from D1 to D2, and this results in entry of new firms in the long-run, the new equilibrium in this increasing-cost industry will be
Assume the initial equilibrium is at point D in Figure 9-13. If the market demand curve shifts from D1 to D2, and this results in entry of new firms in the long-run, the new equilibrium in this increasing-cost industry will be
a.
both C and E
b.
both D and E
c.
at a price less than P1
d.
at a price higher than P1
e.
at an output greater than Q1
The user cost of extracting a nonrenewable resource is:
A. inversely related to how much of the resource remains. B. directly related to how much of the resource remains. C. unrelated to how much of the resource remains. D. inversely related to the expected future price of the resource.