When there is dissaving
A. both the APC and APS are positive.
B. both the APC and APS are negative.
C. the APC is positive and the APS is negative.
D. the APC is negative and the APS is positive.
C. the APC is positive and the APS is negative.
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If supply is perfectly elastic, the supply curve is
a. vertical b. horizontal c. any straight-line supply curve d. any supply curve intersecting a perfectly elastic demand curve e. any supply curve intersecting a demand curve which is unit elastic
The real exchange rate:
A. expresses the value of goods in one country in terms of the same goods in another country. B. is the nominal exchange rate adjusted for purchasing power parity. C. uses the price level in each country to convert the exchange rate into a value that is in "real" terms. D. All of these statements are true.
BlueLake, Inc pays a $100,000 a month to use land for a resort. This is an example of a(n) ______.
a. factor payment b. transfer payment c. nonfixed payment d. appreciation payment
A short-run production function was estimated asQ = ?0.002L3 + 0.16L2At 20 units of labor, what is marginal product?
A. 1.9 B. 6.3 C. 6.0 D. 2.4 E. 4.0