Net exports
A. are the smallest component of GDP.
B. equal exports minus imports.
C. have been negative in the United States since the mid-1970s.
D. All of the choices are true of net exports.
D. All of the choices are true of net exports.
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For each of the following cost functions, find MC, AC, and AVC
a. TC = 20,000 + 10 Q b. TC = 18,000 + Q + 0.2 Q2
Industrial policy involves governments using taxes, subsidies, and regulations to nurture the development of specific industries
a. True b. False Indicate whether the statement is true or false
The tradeoffs between rates of employment and inflation during the 1970s and 1980s forced economists to reassess their earlier beliefs about the Phillips curve to conclude that
a. the Phillips curve was upward sloping, not downward sloping as imagined b. rather than there being one Phillips curve, there is a set of such curves c. the expected trade-offs did not occur, meaning that policy to lower unemployment rates would not cause inflation d. the aggregate supply curve was a horizontal-vertical (two sides of a right angle) curve, as Keynesians believed e. the aggregate supply curve actually sloped downward because price levels fell whenreal GDP rose
Dividend refers to
a. a corporation's regular payments to lenders. b. part of the revenue given to stockholders of a corporation. c. a lender's legal claim on the assets of a bankrupt corporation. d. a prepayment of a corporation's legal obligation.