Which of the following factors is not a major cause of long-term economic growth?
a. Advancements in technology & innovation
b. Constructive labor-management relations
c. Expansionary monetary policy
d. Effective corporate governance policies
e. Government institutions and policies to improve economic efficiency
.C
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A monopolist can earn an economic profit only when:
a. marginal cost equals marginal revenue. b. marginal cost equals price. c. average total cost is less than price. d. all of these.
If you have $100 in an account that offers "2x" margin, you can effectively buy:
A. $200 worth of stocks. B. $1,000 worth of stocks. C. $100 worth of stocks. D. $2,000 worth of stocks.
Suppose that production for good X is characterized by the following production function, Q = K0.5L0.5, where K is the fixed input in the short run. If the per-unit rental rate of capital, r, is $25 and the per-unit wage, w, is $15, then the average fixed cost of using 81 units of capital and 9 units of labor is:
A. $75. B. $80. C. $5. D. There is insufficient information to determine the average fixed costs.
Which one of the following would likely reduce the level of structural unemployment?
A. increasing the level of union bargaining power B. reducing unemployment insurance benefits C. increasing the minimum wage to encourage more people to work D. strengthening restrictions on who can be licensed to enter certain professions