This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to Table 8-18. What is nominal GDP in 2016 when 2011 is the base year? A) 28,885 B) 11,790 ... (Read 140 times)

imowrer

  • Hero Member
  • *****
  • Posts: 514
on: Jun 29, 2018
Refer to Table 8-18. What is nominal GDP in 2016 when 2011 is the base year?
 
  A) 28,885 B) 11,790 C) 11,200 D) 10,275

Question 2

A permanent increase in demand ______ economic profit in the short run and some firms will ____ in the long run.
 
  A. does not change; exit the market
  B. increases; enter the market
  C. increases; raise their price
  D. does not change; advertise their good


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Li Jun

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B The increase in demand leads to a higher price, which in-creases the firms' economic profit. The economic profit influ-ences other firms to enter the market.


imowrer

  • Member
  • Posts: 514
Reply 2 on: Jun 29, 2018
:D TYSM

AngeliqueG

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

The tundra at the base of the Torngat mountains in Labrador consists primarily of low-growing mosses The tundra at the base of the Torngat mountains in Labrador consists primarily of low-growing mosses
20,000 year old spotted hyena painting from the Chauvet Cave, France 20,000 year old spotted hyena painting from the Chauvet Cave, France
Tutankhamun Hunting Ostriches from His Chariot, base of the king's ostrich-feather fan. Tutankhamun Hunting Ostriches from His Chariot, base of the king's ostrich-feather fan.
Fluidization - Calibration Table Pump #2 Fluidization - Calibration Table Pump #2
A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ... A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ...
Video: Cavernous Sinus Larynx Middle Ear Orbit: Granulesm Animation

For a complete list of videos, visit our video library