In 1937-1938, the number of unemployed
A. fell dramatically by about 5 million.
B. fell slightly by about 1 million.
C. rose slightly by about 1 million.
D. rose dramatically by about 5 million.
D. rose dramatically by about 5 million.
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For the principle of diminishing marginal returns to hold,
a. all resources must vary. b. at least one resource should remain fixed. c. only one resource should vary. d. a minimum of three input resources is necessary.
Which of the following is one component of the "trilemma" that is faced by policy makers in choosing monetary arrangements?
A) exchange rate stability B) restrictions on international capital movements C) tariffs and subsidies D) restrictions on the migration of labor E) global inflation
If the average cost of a product is $10 per unit and the price is $5, the firm is losing money
a. True b. False Indicate whether the statement is true or false
How do economists sometimes measure physical capital in a country?
(A) The amount of roads and bridges per capita. (B) The number of computers that are available to businesses. (C) The amount of savings that the citizens have in the bank. (D) The number of telephones it has in relation to its population.