Which of the following represents a long-run adjustment?
A. A farmer uses an extra dose of fertilizer on his corn crop.
B. Unable to meet foreign competition, a U.S. watch manufacturer sells one of its branch
plants.
C. A steel manufacturer cuts back on its purchases of coke and iron ore.
D. A supermarket hires four additional clerks.
Answer: B
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When tax revenue ________ outlays is negative, then the government has a budget ________
A) minus; surplus B) divided by; surplus C) minus; deficit D) plus; deficit E) plus; surplus
Vinny consumes tacos and chicken wings. To keep his utility constant, he must consume more tacos if he consumes fewer chicken wings. This means that
A) Vinny's indifference curve for tacos and chicken wings must have a negative slope. B) Vinny's marginal rate of substitution must be constant along his indifference curves for tacos and chicken wings. C) Vinny's marginal utility from each good must be constant along his convex indifference curves for tacos and chicken wings. D) the prices Vinny pays for tacos and chicken wings are always the same.
If you are stop pay a mortgage is called Default
What will be an ideal response?
The two main types of economies generating current account surpluses from 2000 to 2007 were Asian exporters and oil producers
Indicate whether the statement is true or false