A __________ good is one that once produced and provided to one person, provides benefits to other persons.
A. consumption
B. investment
C. private
D. public
Answer: D
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Refer to Figure 16-5. Suppose the firm represented in the diagram decides to use a two-part pricing strategy such that it charges a fixed fee and a per-unit price equal to the monopoly price. What is the profit earned under this pricing scheme?
A) $5,760 B) $6,400 C) $7,680 D) $7,870
A technological advance ________ aggregate supply, shifting the aggregate supply curve ________ and potentially bringing the ________ phase of the business cycle
A) decreases; rightward; expansion B) decreases; leftward recession C) increases; rightward; expansion D) increases; rightward; recession E) increases; leftward; expansion
Regarding the regional distribution of population,
(a) New England as a whole continued to increase in its population base faster than the Middle Colonies throughout the colonial period. (b) Virginia had the smallest population of any colony at the time of the Revolution. (c) at the end of the colonial period, nearly half the total colonial population resided in the five Southern colonies. (d) the distribution remained firmly concentrated in what is now called the thirteen original colonies.
Figure 36-7
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In Figure 36-7, there are three aggregate expenditure functions (C + I + G + X? IM) for an open economy. Which of the following would cause a movement from C to B?
A. A European economic expansion B. An appreciation of the dollar C. A depreciation of the dollar D. An increase in the money supply