Refer to the data. The marginal cost of producing the sixth unit of output is:
A. $24.
B. $12.
C. $16.
D. $8.
D. $8.
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A country's saving is greater than its domestic investment. This difference means that its
a. net capital outflow and net exports are positive. b. net capital outflow and net exports are negative. c. net capital outflow is positive and net exports are negative. d. net capital outflow is negative and net exports are positive.
If inflation in Russia is higher than it is in Canada
A) the purchasing power of the ruble in buying Russian goods will rise relative to the dollar. B) the value of the dollar will rise in the long run. C) the value of the ruble will rise in the long run. D) Both A and C are correct.
Falling output, in the short run, could be due to:
A. an increase in short-run aggregate supply. B. a reduction in aggregate demand. C. an increase in long-run aggregate supply. D. an increase in aggregate demand.
What is the immigration problem for DVCs?
A. Too many people are allowed to move from DVCs to IACs, and IAC policies tend to favor the movement of the most productive DVC workers B. Too many people are allowed to move from DVCs to IACs, and IAC policies tend to favor the movement of the least productive DVC workers C. Too few people are allowed to move from DVCs to IACs, and IAC policies tend to favor the movement of the most productive DVC workers D. Too few people are allowed to move from DVCs to IACs, and IAC policies tend to favor the movement of the least productive DVC workers