In the above figure, if d3 is the relevant demand curve for this firm, then which level of output will maximize this firm's profits or minimize its losses?
A. A
B. B
C. C
D. D
Answer: C
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The economy has gone into a recession. You have majored in computer science and, because of the recession, have difficulty in finding a job. Should you go back to school and get a second major?
A) No, the recession will have no impact on my ability to get a job or my future income. B) No, the recession will most likely be short-lived and I can get a job after it is over. C) Yes, the recession will lower income in my field permanently. D) Yes, the recession will ensure that you will never find a job as a programmer.
Investment and saving decisions are assumed by economists to depend on the ________ interest rate
A) expected nominal B) nominal C) expected real D) real
Which of the following assets is most liquid?
a. funds in a checking account b. a car c. ten acres of land d. a television
Increases in productivity are caused by
a. better education and training of the labor force. b. higher levels of literacy. c. improvements in technology. d. All of the above are correct.