Marginal revenue
A. measures the slope of the total revenue curve.
B. is always greater than zero.
C. is the change in total revenue when output increases by one unit.
D. both a and c
E. all of the above
Answer: D
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All else held constant, increased U.S. exports to nations in the European Union create a ________.
A. demand for euros B. shortage of euros C. supply of euros D. surplus of euros
During the 2008 - 09 recession, the U-6 measure of the unemployment rate
A) which counts marginally attached workers as unemployed but does not count discouraged workers as unemployed, reached 17 percent. B) which counts all part time workers as employed, reached 12 percent. C) which counts discouraged workers as unemployed but does not count marginally attached workers as unemployed, reached 17 percent. D) which counts marginally attached workers and discouraged workers as unemployed, reached 17 percent. E) which counts marginally attached workers and discouraged workers as employed, reached 10 percent.
If the discount rate is lowered further below the market interest rate, banks tend to
A) lend more to the Fed. B) lend less to the Fed. C) borrow more from the Fed. D) borrow less from the Fed.
Explain why a firm may rationally make an investment when its cash flow from the investment is not positive each year
What will be an ideal response?