A firm is generally more interested in marginal profits than in total profits.
Answer the following statement true (T) or false (F)
False
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Define wealth, or net worth
What will be an ideal response?
When prices of new houses rise significantly faster than rent prices, this is evidence of a:
A) debt-deflation process B) bubble C) financial crisis D) sovereign debt crisis
Which of the following is not correct?
a. The unemployment rate is an imperfect measure of a nation's overall level of economic well-being. b. Most job search in the U.S. economy takes place without intervention by the government. c. Most economists agree that eliminating unemployment insurance would increase the nation's overall level of well-being. d. Other things the same, countries that offer more generous and longer-lasting unemployment insurance benefits are likely to have higher unemployment rates.
Monetary expansion, with perfect capital mobility, is effective in improving international price competitiveness of a country in
A. the short run with floating exchange rates. B. the short run with fixed exchange rates. C. the long run with floating exchange rates. D. the long run with fixed exchange rates.