Which of the following is true about total factor productivity (TFP)?
A) it can be measured just like capital and labor
B) it cannot be directly measured so it has to be calculated from given values of capital, labor and output
C) while it cannot be measured directly, it has an exponent of 0.3 in the Cobb-Douglas production function
D) while it cannot be measured directly, it has an exponent of 0.7 in the Cobb-Douglas production function
E) none of the above
B
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
Over the last decade, U.S. investment is higher than it otherwise would have been because of ___________.
Fill in the blank(s) with the appropriate word(s).
Which of the following is true of perfect competition but is not true of monopolistic competition?
a. The firm faces a downward-sloping demand curve. b. The firm faces a downward-sloping marginal revenue curve. c. The firm will earn zero economic profit in the long run. d. The firm will produce at a point where price equals marginal cost.
Refer to the information provided in Table 8.5 below to answer the question(s) that follow. Table 8.5Number of SwordsTVCMCAVCTFCTCAFCATC0???? 50??1?25?????2??????47.503??23.33????4????150??5135??????Refer to Table 8.5. If Phoebe produces zero swords, her total fixed costs are
A. $0. B. $25. C. $50. D. indeterminate from this information.