In recent years, the largest trading partners of the United States have been
a. Germany, France, Spain, and the United Kingdom.
b. Canada, Mexico, China, and Japan.
c. Canada, Brazil, Argentina, and Chile.
d. Russia, Venezuela, Saudi Arabia, and Indonesia.
B
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Use the following graph (where L is the quantity of labor) to answer the next question.
It shows a firm that buys its inputs and sells its output in competitive markets. If the firm develops a new technology that increases labor productivity, the equilibrium level of employment for this firm is expected to be
A. higher than L0. B. L0. C. lower than L0. D. zero.
What is the percentage of income received by the middle three quintiles on line X?
The present value of $1 received n years from now is found by dividing 1 by _______.
Fill in the blank(s) with the appropriate word(s).
The marginal product is the slope of the:
a. marginal cost curve. b. total cost curve. c. total product curve. d. long-run average total cost curve