A firm's total profit is the difference between its sales and what it pays out in costs
a. True
b. False
Indicate whether the statement is true or false
True
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Bank's make their profits primarily by issuing
A) equity. B) negotiable CDs. C) loans. D) NOW accounts.
In the short run, a decline in aggregate demand would be associated with:
a. an inward shift of the Phillips curve. b. an outward shift of the Phillips curve. c. an upward movement along the Phillips curve. d. a downward movement along the Phillips curve. e. no change along the Phillips curve.
Angie is debating whether to take a job as a professional therapist or a florist. She will earn $40,000 a year as a therapist or $25,000 a year as a florist. If she chooses to be a therapist, the economic rent is
A) $40,000. B) $25,000. C) $15,000. D) unable to determine.
Refer to the graph below. If more people in the United States decide to purchase Japanese cars, what effect will this have on the market for yen?
Assume that Japan and the United States are engaged in a system of flexible exchange rates.
A. The price of yen will increase
B. The price of yen will decrease
C. The supply of yen will increase
D. The supply of yen will decrease