How does this graph show an increase in total revenue?
a. Area a is larger than area c.
b. Area b is larger than area a.
c. Area c is smaller than area b.
d. Area b is equal to area a.
a. Area a is larger than area c.
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A production possibilities frontier will shift inward if there is more unemployment of labor
a. True b. False
The marginal factor cost facing each employer in a competitive labor market is greater than the market wage rate.
Answer the following statement true (T) or false (F)
If a nation's Lorenz curve lies on the 45 degree line of income equality, then
A. every household's income level is different. B. more of the nation's income is received by the highest 25 percent of families than by the lowest percent. C. the income received by each 25 percent of families is 25 percent of the total income. D. more of the nation's income is received by the lowest 25 percent of families than by the highest 25 percent.
Most bank loans are __________ maturity by the bank because of the __________ in monitoring how the borrower maintains his obligations
A) held to; ease B) held to; difficulty C) sold before; ease D) sold before; difficulty