Of all the cars made in the United States, General Motors makes only ______ percent of them.

Fill in the blank(s) with the appropriate word(s).


18 (or less than 20)

Economics

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The demand for a good is inelastic if, when its price rises,

A) the demand falls. B) the quantity demanded falls. C) the quantity demanded increases. D) total dollar expenditure on the good decreases. E) total dollar expenditure on the good increases.

Economics

When an asset is described as being highly liquid, which one of the following characteristics does it possess?

A) It earns a high rate of interest, so its purchasing power is maintained when prices rise. B) It is easily and readily converted into money without any loss in purchasing power. C) The face value of the asset is somewhat less than its value when converted into currency. D) The asset holds its value over time.

Economics

If the demand for a monopolist's product increases, its

A) marginal revenue increases, making it more profitable to hire more workers. B) marginal revenue increases, making it more profitable to hire fewer workers. C) marginal revenue decreases, making it more profitable to hire more workers. D) marginal revenue decreases, making it more profitable to hire fewer workers.

Economics

Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:

A. P2 and Y2. B. P1 and Y2. C. P4 and Y2. D. P1 and Y1.

Economics