A farmer can grow wheat or corn. She grows corn because it will make more money than wheat. The value of the wheat crop she chose not to grow could best be described as

Calculate what happens to nominal GDP if velocity remains constant at 5 and the money supply increases from $350 billion to $525 billion. Originally, nominal GDP is $ nothing trillion. (Round your response to two decimal places. )

Joanna was laid off from her job 11 months ago. After searching for a job for months, Joanna finds a job but is only offered part-time work. Joanna would rather be working full-time. Economists would classify Joanna as

Startups that find themselves trying to compete for value with large, established firms that have strong negotiating power often focus on the acquisition of intellectual property and know-how that they can control and develop to where it is

What is the act of working in exchange for an income.?

If we have (ratio data that is positively skewed, such as u. s. household incomes, which measure of central tendency is most appropriate?

On March 15, Year 1, Kathleen Corp. adopted a plan to accumulate $1,000,000 by September 1, Year 5. Kathleen plans to make 4 equal annual deposits to a fund that will earn interest at 10% compounded annually.

A natural monopoly's preemption of entry by other firms by exploiting its economies of scale is an example of

The best way for a franchisee and franchisor to evaluate each other is Question options: for the potential franchisee to go to a sales presentation. for the potential franchisee to spend time working in a franchise location.

Ronald Reagan believed that reducing income tax rates would A. raise economic well-being and perhaps even tax revenue. B. lower economic well-being, even though tax revenue could possibly increase. C. do little, if anything, to encourage hard work.

Unlike niche-oriented shopping bots, broad-based shopping bots: select one: a. give pricing power to the retailers. b. search for prices for only one type of product. c. operate using a yellow pages type of model. d.