Refer to the above figure. The profit-maximizing price for this firm is

The economist Hernando de Soto extensively studied:

a. the problem of scarcity. b. opportunity costs. c. insecure property rights. d. economic freedom in rich countries. e. the sources of comparative advantage in trade.

If nominal GDP rose by 10 percent and the price index increased from 100 to 105 in a given year, real GDP: a. rose by 15 percent

b. rose by roughly 9.5 percent. c. rose by 5 percent. d. fell by 5 percent.