According to the graph shown, if this economy were to open to trade, surplus would:
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. increase overall.
B. decrease for the producer.
C. transfer from producer to consumer.
D. increase for the consumer.
A. increase overall.
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A variable that tends to move at the same time as aggregate economic activity is called
A) a leading variable. B) a coincident variable. C) a lagging variable. D) an acyclical variable.
Which of the following futures contracts would not have an interest rate component?
A) Treasury bonds B) Treasury notes C) Municipal Bond Index D) Standard and Poor's 500 Stock Index
Marginal profit is the additional profit that accrues to the firm when the output rises by one unit.
Answer the following statement true (T) or false (F)
According to the table shown, what is the firm's total revenue when 4 units are produced?
This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.
A. $160
B. $50
C. $200
D. $40