The cost of hiring one more worker, ceteris paribus, is known as
A) marginal revenue product.
B) marginal physical product.
C) marginal factor cost.
D) marginal wage.
C
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If a country chooses to have a monetary policy oriented toward domestic goals and a fixed exchange rate, then
A) it can have the freedom of international capital movements. B) it cannot have the freedom of international capital movements. C) it cannot balance its current account. D) it cannot have fiscal policy oriented toward domestic goals. E) it cannot control money supply growth.
If the money demand function is given by Md = 10 + 0.2Y ? 10r then a 10-unit increase in the quantity of money will cause the LM schedule to shifts to
a. to the right by 10 units. b. the right by 50 units. c. to the left by 40 units. d. to the left by 50 units. e. to the right by 40 units.
Which of the following is not included in Nation A's financialaccount?
a. Nation A's interest earnings from foreign operations. b. Changes in foreigners' bank accounts in Nation A. c. Foreign purchases of Nation A's Treasury bills. d. All the above are included.
Kevin's Golf-a-Rama sells golf balls in a perfectly competitive market. At its current level of golf ball production, Kevin has marginal costs equal to $2. If the market price of golf balls is $1, Kevin should:
A. decrease the level of golf ball production. B. continue producing the current level of production. C. increase the production of golf balls. D. raise the price of its golf balls.