Financial innovation is
A) the process of turning assets into a more liquid form.
B) the development of new financial products and services.
C) responsible for credit cards being included as part of money.
D) causing a decrease in bank profits.
B
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Which of the following is an example of comparative statics?
A) The estimation of the supply of a good when the wage rate of labor changes from $30 to $10 per hour B) The estimation of the ideal number of workers a firm should hire when wage rate is $20 per hour C) The estimation of the quantity demanded of a good when its price is $5 D) The estimation of the demand for a particular good when consumer income is $10
What are the three stages of constructing the CPI?
What will be an ideal response?
The optimal level of resource use comes when
A. MRP exceeds input price. B. MRP is less than input price. C. MRP equals input price. D. use of the resource exhausts the producer’s funds.
In the above table, how many workers are employed when marginal product reaches its maximum?
A. 1 B. 2 C. 3 D. 4