Economics

Which of the following would count as an investment expenditure in the GDP expenditures approach? ...

Which of the following would count as an investment expenditure in the GDP expenditures approach? ...

Which of the following would count as an investment expenditure in the GDP expenditures approach?
 a. General Motors hires 10 electrical engineers.
  b. Boeing purchases a new metal stretching machine used to produce airplane wings.
 

吳家良   56   2 Replies

吳家良

In the United States during the 1960s, government spending dramatically increased to fight the ...

In the United States during the 1960s, government spending dramatically increased to fight the ...

In the United States during the 1960s, government spending dramatically increased to fight the Vietnam War, which resulted in:
 a. demand-pull inflation.
  b. cost-push inflation.
  c. a disinflationary recession.
  d. stagflatio

吳家良   31   3 Replies

Me12345

In the aggregate expenditures model, an increase in government spending causes a(n):

In the aggregate expenditures model, an increase in government spending causes a(n):

In the aggregate expenditures model, an increase in government spending causes a(n):
 a. upward shift in the aggregate expenditures curve.
  b. downward shift in the aggregate expenditures curve.
  c. shift in the 45-degree line.

吳家良   58   1 Reply

sarahdmarie

When the marginal-cost curve lies above the average-total-cost curve, the average-total-cost curve ...

When the marginal-cost curve lies above the average-total-cost curve, the average-total-cost curve ...

When the marginal-cost curve lies above the average-total-cost curve, the average-total-cost curve slopes up and the average-variable-cost curve slopes down.
 a. True
  b. False
  Indicate whether the statement is true or false
[br

吳家良   69   1 Reply

mcgee2

When a monopolist faces a fixed marginal cost of production, profit is maximized if:

When a monopolist faces a fixed marginal cost of production, profit is maximized if:

When a monopolist faces a fixed marginal cost of production, profit is maximized if:
 a. the slope of the tangent to the total revenue curve is equal to the slope of the total cost curve.
  b. the slope of the total cost curve is 1.
 

吳家良   42   2 Replies

吳家良

Adverse selection problems in health insurance are reduced by all of the following except:

Adverse selection problems in health insurance are reduced by all of the following except:

Adverse selection problems in health insurance are reduced by all of the following except:
 a. requiring physical exams.
 b. requiring patients to pay higher deductibles.
 c. insuring entire groups.
 d. by limiting the period of

吳家良   38   2 Replies

吳家良