When marginal cost exceeds average total cost,
a. average fixed cost must be rising.
b. average total cost must be rising.
c. average total cost must be falling.
d. marginal cost must be falling.
b
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Money that can be used to purchase capital goods is known as
a. financial capital. b. profit. c. liquid capital. d. interest.
Discuss why the World Bank has been criticized for making loans to nations that can attract private funds
What will be an ideal response?
Patricia's nominal annual income in 2009 was $60,000. If the rate of inflation is constant at 10 percent, in order to keep Patricia's real income constant, her nominal income in the year 2010 should be:
A. $60,000. B. $54,000. C. $66,000. D. $70,000.
Economic forecasts
A. Drive economic policy for both the Fed and Congress. B. Drive economic policy for the Fed but not for Congress. C. Are basically inaccurate, so the Fed and Congress pay little attention to them. D. Drive economic policy for Congress but not for the Fed.