Marginal physical product measures the increase in total output that results from a one-unit increase in an input
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose we were analyzing the pound per Swiss franc foreign exchange market. If there is the expectation that the Swiss franc will rise in value in the near future, then in the spot market:
a. The supply of Swiss francs in the foreign exchange market falls, and the demand for Swiss francs in the foreign exchange market falls, causing an uncertain change in the value of the Swiss franc. b. The supply of Swiss francs in the foreign exchange market falls, and the demand for Swiss francs in the foreign exchange market rises, causing an appreciation of the Swiss franc. c. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market rises, causing an uncertain change in the value of the Swiss franc. d. The supply of Swiss francs in the foreign exchange market rises, and the demand for Swiss francs in the foreign exchange market falls, causing a depreciation of the Swiss franc. e. Neither supply nor demand in the foreign exchange market change because relative international prices influence trade flows and not the exchange rate.
Which of the following contributed to the soaring housing prices during 2002-2004?
What will be an ideal response?
The table below shows how the payoffs to two political candidates depend on whether the candidates run a positive or negative campaign. The payoffs are given in terms of the percentage change in the number of votes received. 
In the Nash equilibrium of this game:
A. as long as one party runs a positive campaign, the other does too. B. both candidates run positive campaigns. C. one candidate runs a positive campaign, and the other runs a negative campaign. D. both candidates run negative campaigns.
Per capita GDP will rise if GDP
A. Increases at the same rate as the population increases. B. Decreases and the population increases. C. Increases more slowly than the population increases. D. Increases more rapidly than the population increases.