Refer to the above figure. Profits for this firm are
A. negative.
B. zero.
C. positive.
D. undetermined without more information.
Answer: A
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Studies indicate that a lack of skill transferability in the U.S. has a particularly large effect on the earnings of:
A. Domestic workers with low levels of human capital B. First-generation immigrants C. Immigrants who lack English-language skills D. Highly-educated domestic workers
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
Derive the interest parity condition and interpret it
What will be an ideal response?
The productivity and real wages of workers in industrially advanced economies have risen historically partly because:
A. workers have acquired less education and training over time. B. workers have been able to use larger quantities of capital equipment. C. over time the capital equipment used by workers has deteriorated in quality. D. the supply of labor has increased.