If a country is subject to increasing opportunity costs, its national supply curve (i.e. the locus of national output levels of S at various relative prices of S) will have a ________ slope
A) flat
B) positive
C) negative
D) bowed out
B
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The above table shows the short-run total product schedule for the campus book store. At what levels of books sold per hour will the marginal product of labor be greater than the average product of labor?
A) 40 books sold per hour B) 73 books sold per hour C) Both A and B are correct. D) Neither A nor B is correct.
Net exports are positively related to income in the rest of the world
Indicate whether the statement is true or false
Because of market power, wages are higher under monopsony than under competitive conditions
Indicate whether the statement is true or false
Which of the following increases the possibility of depreciation of the domestic currency in the foreign exchange market?
a. An increase in the demand for domestic goods in the foreign market b. A decrease in total imports made by the domestic country c. A decrease in the interest rates in the domestic country d. An increase in the short-term foreign investments e. An increase in domestic production of import substitutes