Improvements in technology shift the per-worker production function downward
a. True
b. False
Indicate whether the statement is true or false
False
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Money market mutual funds are ________ the M1 measure of money and ________ the M2 measure of money.
A. included in; included in B. included in; excluded from C. excluded from; included in D. excluded from; excluded from
Most economists believe that a small amount of the gap between the wages of white males and the wages of other groups is due to discrimination. Which of the following factors is not another factor that explains part of this gap?
A) geographic location B) differences in experience C) differing preferences for jobs D) differences in education
For any country, if the world price of copper is higher than the domestic price of copper without trade, that country should
a. export copper, since that country has a comparative advantage in copper. b. import copper, since that country has a comparative advantage in copper. c. neither export nor import copper, since that country cannot gain from trade. d. neither export nor import copper, since that country already produces copper at a low cost compared to other countries.
Generally speaking, as more of a particular good is purchased, a consumer's marginal utility
A. increases and total utility decreases. B. decreases and total utility increases. C. increases and total utility increases. D. decreases and total utility decreases.