The greater the curvature of the isoquant:
a. the greater the degree of substitutability between the inputs.
b. the lower the possibility of substitution between inputs.
c. the higher the impact of a change in relative prices of inputs.
d. the lower the prices of inputs.
B
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Debits (negatives) in the current account of the balance of payments accounts include
a. imports of goods. b. exports of services. c. transfers received from other countries. d. purchases of U.S. government bonds by foreigners. e. all of the above.
If the price of inputs rises and consumer expectations about future economic activity worsens:
a. Aggregate demand falls, and aggregate supply rises. b. Aggregate demand and aggregate supply fall. c. Aggregate demand and aggregate supply rise. d. Aggregate demand rises, but aggregate supply does not change. e. Neither aggregate demand nor aggregate supply change.
If the interest rate is 5 percent, what is the present value of $10,000 received three years from now?
A. 9530.35 B. 8075.50 C. 8638.38 D. 7550.75
Marginal revenue product is
A. marginal physical product multiplied by marginal revenue. B. the total revenue from the sale of the product sales. C. marginal physical product multiplied by average variable cost of the product. D. the price of the product.