Economic growth is the result of two major or general "determinants":
A) capital and autonomous planned spending.
B) capital per capita and autonomous planned spending.
C) capital per capita and autonomous growth factors.
D) saving and autonomous growth factors.
C
Economics
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The alternative quantities demanded for a given time period at different possible prices is known as
A) absolute demand. B) a demand schedule. C) real demand. D) constant demand.
Economics
A sandwich shop owner has the following information: P = MR = $4, ATC = $2, AVC = $1, MC = 4, and Q = 500 . From this, she can determine:
a. her profits are not being maximized. b. she has earned zero economic profits. c. she has earned economic profits of $1,000. d. she has earned economic profits of $1,500. e. she should sell fewer sandwiches.
Economics