To measure the effect of debt in an economy, economists use a standard measure which involves the ________ relative to the GDP
A) stock of debt B) stock market activity
C) outstanding government bonds D) capital stock of equipment
A
Economics
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In the above figure, if the price is $12, a profit-maximizing perfectly competitive firm will have an economic profit
A) of less than $100 but more than $0. B) of more than $100. C) that is negative, that is, it will have an economic loss. D) of zero, that is, it will break even with a normal profit.
Economics
If part of the labor force is unemployed, the foregone goods and services are
A. lost until the unemployed find jobs. B. are replaced by unemployment insurance. C. are lost forever. D. are replaced by an equal amount of imports.
Economics