The marginal cost of pollution abatement is graphically illustrated by
A) an upward sloping curve.
B) a downward sloping curve.
C) a horizontal curve.
D) a vertical curve.
Answer: A
Economics
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If the money supply is $600 and nominal income is $3,600, the velocity of money is
A) 1/60. B) 1/6. C) 6. D) 60.
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Which of the following is true about GNP?
a. includes profits earned by a Mercedes factory in Alabama b. excludes profits earned by General Electric in India c. measures the market value of all goods and services produced by resources supplied the home country's residents and firms, regardless of the location of the resource d. stands for Generally Nice Products e. used by countries to classify the World Bank
Economics