If suppliers of garbage collection services charged the full costs of providing the service, the supply curve would
A. change to a positive slope.
B. change to a negative slope.
C. shift to the left.
D. shift to the right.
Answer: C
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What is an advantage of using forward contracts instead of options to hedge against exchange-rate risk?
What will be an ideal response?
Which of the following is most likely to result in unemployment?
a. Aggregate demand grows more rapidly than aggregate supply. b. Aggregate demand and aggregate supply grow at the same rate. c. Aggregate supply grows more rapidly than aggregate demand. d. Neither aggregate demand nor aggregate supply grows at all.
The amount a person earns over and above the amount she/he would be willing to work for is called
A. marginal resource cost. B. economic rent. C. marginal revenue product. D. profit on human capital.
Suppose that the cost of a loaf of bread in Zanadoo is 20 shillings, and this represents a full day's wages for the typical factory worker. The 20 shillings represents a ____ value while the loaf of bread costing a full day's wage represents a ____ value.
a) real; real b) nominal; nominal c) real; nominal d) nominal; real