If the slope of a curve is 1/3, we know that
A) the relationship is linear, and the line moves from lower left to upper right.
B) the relationship is non-linear, and the line moves from lower left to upper right.
C) the relationship is linear, and the line moves from upper left to lower right.
D) the relationship is non-linear, and the line moves from upper left to lower right.
Answer: A
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The above table gives some production and cost information for Flaming Fernando's, a restaurant that sells Fiery Frijoles. What is the average variable cost of producing 1,000 frijoles?
A) $1 B) $2 C) $3 D) More information is needed to determine the answer.
Which of the following have the same impact on the Fed's balance sheet?
A. An increase in loans by the Fed to banks and a decrease in foreign exchange reserves B. An open market purchase and an increase in loans by the Fed to banks C. An open market sale and an increase in foreign exchange reserves D. An open market purchase and a decrease in foreign exchange reserves
If the cyclically adjusted budget shows a deficit of about $100 billion and the actual budget shows a deficit of about $150 billion, it can be concluded that there is:
A. an expansionary fiscal policy. B. a contractionary fiscal policy. C. built-in stability. D. a cyclical deficit.
An employer's effort to minimize transaction costs can result in employment discrimination
Indicate whether the statement is true or false