Using the above table, the labor force is
A) 380,000.
B) 911,000.
C) 930,000.
D) 569,000.
A
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In the long run, the monopolistically competitive firm's demand curve will
A) intersect the ATC at its minimum point. B) intersect the ATC curve somewhere past the minimum point. C) become tangent to the ATC curve at its minimum point. D) become tangent to the ATC curve somewhere to the left of its minimum point.
Empirical evidence suggests that over the last several decades:
A. there is no correlation between the nominal and real federal funds. B. while the FOMC has had a lot of influence over the nominal federal funds rate, they have been less successful at changing the real federal funds rate. C. the nominal and real federal funds rates are related inversely. D. the nominal and real federal funds rates are highly positively correlated.
If knowledge possessed by one party in a financial transaction is not known to the other party, ________ exists
A) fraud B) asymmetric information C) disintermediation D) no financial intermediation
Determining the optimal choice of input combinations generally does not involve
a. substitution of one input for another. b. fixing the level of technology in the long run. c. minimizing cost, given the prices of inputs. d. assessing the productivity of various inputs.