From 1979-2007, the share of market income for the bottom 99 percent of U.S. households decreased.
Answer the following statement true (T) or false (F)
True
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Answer the following statements true (T) or false (F)
1. The difference between the ATC and the AVC must represent the AFC. 2. Average revenue is synonymous with price. 3. Marginal revenue is the increase in total revenue per additional unit of input. 4. Average revenue times total output equals total profit. 5. Marginal product can never fall below zero.
The real rate of interest equals 8%, and the expected rate of inflation equals 2%. The nominal rate of interest is
A) 2%. B) 6%. C) 8%. D) 10%.
The benefits to a country from dollarization include each of the following, except:
A. a lower risk premium since inflationary finance is no longer a possibility. B. no risk of an exchange rate crisis. C. greater and faster integration into world markets, increasing trade and investment. D. increased revenue from seignorage.
Discuss how unions affect prices indirectly.
What will be an ideal response?