Refer to the table below. Diminishing marginal returns sets in with the addition of the:
The question is based on the following table that provides information on the production of a product that requires one variable input.
A. First unit of input
B. Second unit of input
C. Third unit of input
D. Fourth unit of input
C. Third unit of input
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Which of the following is TRUE?
A) A country with a current account surplus is earning more from its exports than it spends on imports. B) A country could finance a current account deficit by using previously accumulated foreign wealth to pay for its imports. C) A country with a current account deficit must be increasing its net foreign debts by the amount of the deficit. D) We can describe the current account surplus as the difference between income and absorption. E) All of the above are true of current account balances.
The market demand curve
a. and the individual demand curve are synonymous. b. is calculated by multiplying the number of consumers by the individual demand curve. c. shows how the total quantity demanded of some good changes as price changes, other things held constant. d. can be calculated even if individual demand curves are unknown.
The interest rate is determined by the
a. altruism or greed of bankers. b. demand for loanable funds. c. supply for loanable funds. d. supply and demand for loanable funds.
The derived demand curve for loans slopes downward because as interest rates
A. fall, future income becomes less valuable. B. fall, investors develop pessimistic expectations. C. fall, future income becomes more valuable. D. rise, investors become pessimistic.