By definition, imports are
a. people who work in foreign countries.
b. goods in which a country has an absolute advantage.
c. limits placed on the quantity of goods leaving a country.
d. goods produced abroad and sold domestically.
d
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The amount of output produced with an additional unit of variable input is referred to as:
A) total product. B) average variable product. C) marginal product. D) average fixed product.
Ray just got a raise, and decided to splurge on a fancy dinner to celebrate. The change to Ray's demand for fancy dinners could be measured by the:
A. price elasticity of supply. B. price elasticity of demand. C. cross-price elasticity. D. income elasticity of demand.
All the people employed at or just above the minimum wage could be considered the _____.
Fill in the blank(s) with the appropriate word(s).
The coupon rate is equal to the annual coupon payment
A) divided by the face value of the bond. B) divided by the price paid for the bond. C) multiplied by the price paid for the bond. D) divided by the current market value of the bond.