The marginal revenue product is
a. TR/P
b. w/Q
c. MPP × P
d. MRP × P
e. w × L
C
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Open market operations refer to the buying and selling of ________ by the ________ to control the money supply
A) Treasury securities; Treasury Department B) Treasury securities; Federal Reserve C) stocks and bonds; Treasury Department D) stocks and bonds; Federal Reserve
A move from D2 to D3 is a(n) _____.
A. an increase in quantity demanded
B. a decrease in quantity demanded
C. an increase in demand
D. a decrease in demand
Refer to the given information. The unemployment rate is:
Answer the question on the basis of the following information about a hypothetical economy:
A. 18.8 percent.
B. 12.5 percent.
C. 16.7 percent.
D. 25 percent.
The perpetual problem in economics is:
a. our inability to work together effectively. b. our inability to satisfy everyone's wants with the available resources. c. a recognition of continual class differences. d. our inability to utilize resources efficiently. e. likely to be solved in resource-rich countries.