Total revenue is a term economists use to describe the
a. price the firm charges for its goods
b. money remaining after costs are paid
c. average profit earned per good sold
d. total profit earned by the firm
e. money the firm receives selling its goods
E
Economics
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The rapid growth of the Chinese economy should
A) benefit U.S. consumers as they have access to less-expensive consumer goods. B) make it more difficult for citizens of the United States to find jobs. C) not affect the mix of jobs available to citizens of the United States. D) A and B
Economics
When lumber from Brazilian forests is used by a U.S.-owned company to produce furniture in Canada, the value of the furniture produced will be counted as a final good in
A) Canada's GDP. B) U.S. GDP. C) Brazil's GNP. D) Brazil's GDP.
Economics