Briefly state the three key facts about economic fluctuations
(1) Economic fluctuations are irregular and unpredictable, (2) most macroeconomic quantities fluctuate together, and (3) as output falls, unemployment rises.
Economics
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Which of the following is not a type of trade restriction?
a. low-interest loans to foreign buyers b. export subsidies for domestic firms c. domestic content requirements d. restrictive health and safety standards e. economies of scale
Economics
If the unit cost of output for a computer is $2,000 and if firms' average markup is 10 percent, what is the total cost to the consumer?
a. $2,000 b. $2,010 c. $2,020 d. $2,200 e. $20
Economics