All of the following are real quantities except the:
A. millions of computer chips shipped to computer makers.
B. tons of steel shipped to South America.
C. number of new cars produced in one year.
D. billions of dollars invested in stocks.
Answer: D
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The National Banking Act of 1863, did which of the following?
(a) Permitted interstate branch banking (b) Created one national central bank in the U.S. (c) Created federally chartered national banks restricted to conducting businesses within a designated state. (d) Created federally chartered national banks open to conducting businesses across states.
The firm's expansion path records
a. profit-maximizing output choices for every possible price. b. cost-minimizing input choices for all possible output levels for when input prices expand along with production. c. cost-minimizing input choices for all possible output levels for a fixed set of input prices. d. cost-minimizing input choices for profit-maximizing output levels.