A cash gift causes the budget line to:
A. shift to the right in a parallel fashion.
B. rotate clockwise.
C. shift to the left in a parallel fashion.
D. None of the statements is correct.
Answer: A
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Identify the characteristics of a monopoly firm
a. The existence of barriers to entry and production of a homogeneous product b. The production of a unique product and a large number of sellers in the market c. The production of a standardized product and the firm is a price taker d. The existence of barriers to entry and the firm is a price taker e. The existence of barriers to entry and the firm is a price maker
Refer to the given information. Nominal GDP is:
Answer the question on the basis of the following information for a hypothetical economy. All values are in nominal terms. M = $100 V = 2 C a = $160 X n = $10 G = $10 A. $100. B. $200. C. $180. D. $50.