Which is not determined by supply and demand?

A. The wage rate
B. The interest rate
C. Rent
D. Profits


D. Profits

Economics

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A debtor nation means a nation

A) whose imports exceeds its exports. B) whose current account is less than its capital account. C) who—through its history—has invested less in the rest of the world than other countries have invested in it. D) whose current lending to the rest of the world exceeds its borrowing from the rest of the world.

Economics

If Slick Shades has a constant marginal cost of production equal to $80 and the distributors have a constant marginal cost of distribution equal to $30, what is the profit-maximizing number of sunglasses (in hundreds) for Slick Shades to produce?


The figure above shows the wholesale demand and marginal revenue curves for Slick Shades Sunglasses, a sunglasses firm with market power. Slick Shades Sunglasses has a constant marginal cost of production and it sells to perfectly competitive independent retail distributors that have a constant marginal cost of distribution.

A) 40
B) 80
C) 55
D) 60

Economics

When people use a recognition heuristic, they often get answers right because the correct answer is usually the one they are familiar with while the incorrect answer is the one which is unfamiliar to them

Indicate whether the statement is true or false

Economics

In the United States, federal government tax revenues are somewhat less than _____ percent of GDP.

A. 10 B. 20 C. 30 D. 40

Economics