Suppose Chevrolet produced 90,000 Camaros in the United States in 2012 and during 2012 sold 69,000 to U.S. customers and exported 14,000 to foreign buyers. How many Camaros would the BEA count as investment spending by Chevrolet in 2012?

All other things constant, goods will have more __________ demand if their price uses up a __________ proportion of a consumer's budget

a. price-elastic; greater b. unit-elastic; smaller c. price-elastic; smaller d. price-inelastic; greater e. stable; greater

A perfectly competitive firm will produce at an economic loss in the short run rather than discontinue production if there is a rate of output at which

a. marginal revenue equals marginal cost b. total revenue equals total cost c. total revenue exceeds total cost d. total revenue exceeds total fixed cost e. total revenue exceeds total variable cost