The components of the expenditure approach to measuring Gross Domestic Product (GDP) include all of the following EXCEPT
A. nondurable consumer goods.
B. durable consumer goods.
C. government purchases of goods and services.
D. government Social Security payments.
Answer: D
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The figure below shows the demand curve, marginal revenue curve, marginal cost curve and average total cost curve for a monopolist. 
This monopolist maximizes its profit by producing ________ units per day and charging a price of ________ per unit.
A. 8; $6 B. 8; $14 C. 4; $6 D. 4; $18
Describe the three ways that banks normally earn revenue
What will be an ideal response?
Wheat farmers in Kansas would benefit from a devastating crop failure in North Dakota (another major wheat-producing state) if the U.S. demand for wheat is
a. inelastic b. elastic c. unit elastic d. downward sloping e. perfectly elastic
If most businesses in an industry are earning a 13 percent rate of return on their assets, but your firm is earning 23 percent, your rate of economic profit is
a. zero. b. 10 percent. c. 23 percent. d. 36 percent.