Increasing returns
A) causes marginal cost to remain constant.
B) causes marginal cost to rise.
C) causes marginal cost to fall.
D) causes marginal product to rise but then fall.
C
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One trend in labor markets is:
A. a slowdown in real wage growth in the United States since 1973. B. decreasing wage inequality in the United States. C. a decrease in average real wages in the United States and other industrial countries. D. weak rates of job creation in the United States since 1980.
Which of the following is true about the United States?
A. There has only been one recession in U.S. history. B. There have been recessions every couple of years throughout U.S. history. C. Recessions have never occurred in the United States. D. Recessions have occurred periodically in U.S. history. E. Recessions in the United States have generally been worse than in other countries.
Differentiate between a managed exchange rate and a fixed exchange rate
What will be an ideal response?
If consumption expenditures increased by $150 million, while GDP remained the same, which of the following could have occurred, all else equal?
a. Exports increased by $150 million b. Imports decreased by $150 million c. Net exports increased by $150 million d. Net exports decreased by $150 million e. Private investment increased by $150 million