Labor-saving technology causes which of the following? (i) The marginal productivity of labor increases. (ii) The marginal productivity of labor decreases. (iii) Labor demand shifts to the right. (iv) Labor demand shifts to the left
a. (i) only
b. (ii) only
c. (i) and (iii) only
d. (ii) and (iv) only
d
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Until the 1980s, most of the national debt was
A. owned by foreigners. B. acquired either during wars, especially World War II, or during recessions. C. owned by banks. D. financed by printing money.
What does it mean when a firm is earning positive economic profit?
What will be an ideal response?
A nation’s currency is said to depreciate when exchange rates change so that a unit of its currency can buy fewer units of foreign currency.
Answer the following statement true (T) or false (F)
It is less likely for oligopolists to maintain high prices in a repeated game than when the firms must choose one strategy to follow for the entire lifetime of the firm.
Answer the following statement true (T) or false (F)