Refer to the figure below, expenditures as a percent of GDP fell dramatically in the 1980s.
A. True
B. False
C. Uncertain
B. False
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Let the production function be q = ALaKb. The function exhibits decreasing returns to scale if
A) a + b = 1. B) a + b > 1. C) a + b < 1. D) Cannot be determined with the information given.
Which of the following IACs (industrially advanced countries) was the leading provider of development assistance to DVCs (developing countries) in 2012, in terms of absolute dollar amounts?
A. United States B. Japan C. Canada D. Germany
A firms debt to equity ratio varies at times because
a. Take advantage of timing its fund-raising in order to minimize costs over the long run b. Sell common stock when prices are high and bonds when interest rates are low c. The market allows some leeway in the debt-to-equity ratio before penalizing the firm with a higher cost of capital. d. All of the above.
The short-run supply curve for a competitive firm is the:
A. Entire MC curve B. Segment of the MC curve lying below the AVC curve C. Segment of the MC curve lying above the AVC curve D. Segment of the AVC curve lying to the right of the MC curve