Goods and services
Refer to the above data. Choose the right answer from following. Zabella's balance on goods and services illustrates a: A) $5 billion deficit. B) $5 billion surplus. C) $10 billion surplus. D) $15 billion deficit.
What supply curve illustrates?
When market begins in equilibrium at point e upon S0D0 and in that case young American families increasingly "inherit" furniture like their baby-boomer parents move within smaller retirement homes, that market will tend to shift in the direction
Explaining the poverty line by the income needed to maintain a specified standard of living is: (w) a positive poverty standard. (x) a relative poverty standard. (y) a normative poverty standard. (z) an absolute poverty standard. Q : Total economic of profit or loss on When the wholesale price P = $7 per bushel of peaches, it purely competitive peach orchard maximizes profit via producing ___ bushels of peaches at a total economic of profit or loss totaling $___. (i) zero; loss; -$4,000. (ii) 2000;
When the wholesale price P = $7 per bushel of peaches, it purely competitive peach orchard maximizes profit via producing ___ bushels of peaches at a total economic of profit or loss totaling $___. (i) zero; loss; -$4,000. (ii) 2000;
What is Interest rate risk premium? Briefly explain it.
The labor monopsonist which doesn’t wage discriminates consists of a marginal resource cost curve [or marginal factor cost curve] which is above the labor supply curve then the firm faces as: (1) Monopsonists encompass market power in the markets for output. (2)
When a change in the supply of a good causes a percentage change within price which exceeds in absolute value the resulting percentage change within quantity demanded, then demand is relatively: (1) price elastic. (2) inferior. (3) no
The areas illustrates in this Lorenz diagram can be used to compute a Gini index as: (i) (cow + pig)/cow. (ii) cow2/(cow + pig). (iii) pig2/(cow + pig). (iv) cow/(cow + pig) (v) (cow + horse)/pig. Q : Annual total revenue of production When When Prohibition Corporation maximizes profit in its production of St. Valentine’s Day software, so annual total revenue of it will be around: (1) $140 million. (2) $250 million. (3) $320 million. (4) $420 million. (5) $1 billio
When Prohibition Corporation maximizes profit in its production of St. Valentine’s Day software, so annual total revenue of it will be around: (1) $140 million. (2) $250 million. (3) $320 million. (4) $420 million. (5) $1 billio
What is meant by the word price taker in the context of a firm? Answer: It means that firm does not contain any control over the price and it has to pursue that pri
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