As output rises, the MRP of an imperfect competitor will _____ that of a perfect competitor.
A. rise faster than
B. fall faster than
C. rise at the same rate as
D. fall at the same rate as
B. fall faster than
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There is only one efficient allocation of resources in an economy at one point in time.
Answer the following statement true (T) or false (F)
One reason that we might observe a rise in net capital outflow could be interest rates in the:
A. rest of the world are declining, relative to the U.S. B. U.S. are declining, relative to the rest of the world. C. U.S. and the world are all declining. D. U.S. and the world are all increasing.
Unemployment:
A. can have serious social consequences. B. changes primarily because of macroeconomic forces. C. can create uncertainty about the future. D. All of these are true.
Recall the Application about the effects of increasing state level Earned Income Tax Credit (EITC) on child health in the United States to answer the following question(s).Recall the Application. According to the study cited in the Application, a $100 increase in the value of the state EITC causes a decrease in the probability that a child is in fair or poor health by ________percentage points.
A. 1.2 B. 7.6 C. 9.9 D. 0.5