Refer to the table below. There are negative marginal returns when the:
The question is based on the following table that provides information on the production of a product that requires one variable input.
A. Fifth unit of input is added
B. Sixth unit of input is added
C. Seventh unit of input is added
D. Ninth unit of input is added
D. Ninth unit of input is added
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Assume that the central bank increases the reserve requirement. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and GDP Price Index in the context of the Three-Sector-Model?
a. The quantity of real loanable funds per time period and net nonreserve-related international borrowing/lending remain the same. b. The quantity of real loanable funds per time period rises, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). c. The quantity of real loanable funds per time period falls, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). d. The quantity of real loanable funds per time period falls, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). e. The quantity of real loanable funds per time period rises, and net nonreserve-related international borrowing/lending becomes more negative (or less positive).
If the U.S. government decided to pay off the national debt by creating money, what would be the most likely effect?
A. A substantial reduction in real GDP B. A deflationary collapse C. Rapid inflation D. An increase in the trade surplus
The exit of farms from a market should
A. Increase the equilibrium market output. B. Decrease the equilibrium market price. C. Increase the equilibrium market price. D. Shift the agricultural market supply curve to the right.
If a firm sells 50 units of output at $9 per unit and 60 units of output when price is reduced to $8, its marginal revenue from selling the sixth unit is
A. $30. B. $450. C. $10. D. $480.