Over the last decade, the ____ quality of our labor force has been a factor in ____ our rate of economic growth.
A. increasing; decreasing
B. increasing; increasing
C. decreasing; increasing
D. decreasing; decreasing
D. decreasing; decreasing
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In the figure above, when the market is unregulated and in equilibrium, the deadweight loss is ________ thousand per month
A) $250 B) $125 C) $150 D) $50 E) zero
Total physical product is the quantity of a firm’s output based upon a given input usage.
Answer the following statement true (T) or false (F)
An exchange rate is
a. the rate at which goods are traded between countries b. the rate of the net difference between exports and imports c. the denomination of currency used to purchase imports d. the price of one currency in terms of another e. the price at which one good trades for another
In 2009, a nation reported total imports worth $250,000 and total exports worth $225,000 . This implies the nation had net exports worth $25,000 during this year
a. True b. False Indicate whether the statement is true or false