The second-largest component of aggregate expenditures in the United States is _____
a. consumption
b. investment
c. government expenditure
d. imports
e. exports
c
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Complete the following table by finding the average and marginal product. At what input-output level will average variable cost begin to rise? Explain
In the absence of transactions costs, a change in property rights will have no effect on economic efficiency. This result is known as
a. the Weak Coase Theorem. b. the Strong Coase Theorem. c. the Invisible Hand Theorem. d. the Good Samaritan Theorem.
In the case of banks, "living wills" spell out:
A) how a bank would sell its assets and pay of its creditors in the event of shutdown. B) the amount of bank resources to be retained as stockholders' equity. C) the long term business development plans of systematically important financial institutions. D) the balance sheet of systemically important financial institutions.
In the United States, the official poverty line is based on:
A. the price of housing. B. the price of clothing. C. the price of food. D. the average income of the lowest quartile of income earners.