1. If the capital base is too large
2. If the monopoly controls a certain raw material
3. If the monopoly has patents
Answer:
Net Income $
Income before income taxes 3,860
Income tax expense <u>1,544</u>
Net income <u> 2,316</u>
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Explanation:
Net income is calculated as income before income taxes minus income tax expense.
Answer:
B
Explanation:
In a private closed economy (actual) investment is equal to saving at all levels of GDP and equilibrium occurs only at that level of GPD where (planned) investment is equal to saving.
Economic growth is growth in a countries GDP, in general, but it should be noted that there are many other factors that can influence growth of a nation.
Answer:
The correct answer is B: U.S. tourists' expenditures in foreign countries.
Explanation:
To be listed as a surplus in the U.S. balance of payments, it needs to be an entry of money to the economy. The option B is the only one that does not meet the requirements. U.S. tourists' expenditures in foreign countries mean an exist of money to other countries.
