Refer to Figure 15-1. In the figure, the money demand curve would move from Money demand1 to Money demand2 if
A) the price level decreased. B) the interest rate increased.
C) the Federal Reserve sold Treasury securities. D) real GDP increased.
D
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As the number of days without rain increases, the amount of wheat grown per acre declines. A graph showing this relationship shows
A) a vertical line. B) a positive relationshi
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What will be an ideal response?
The accompanying table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities.Number of EmployeesTotal DonationsAverage DonationsTotal Labor CostsAverage Labor Costs1$30,000 $8,0002$42,426 $17,000 3 $17,321$27,000 4$60,000 $9,5005 $13,416$50,000 The marginal benefit (in terms of extra donations) of the 2nd employee is:
A. $42,426. B. $12,426. C. $21,213. D. $11,337.
Free trade is ________, because it ________ the size of the pie available to the economy.
A. efficient; increases B. inefficient; increases C. efficient; decreases D. inefficient; decreases