When marginal utility is zero, total utility is at a minimum.
Answer the following statement true (T) or false (F)
False
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Which of the following events will decrease the domestic real interest rate in an open economy?
A. A decrease in the domestic saving. B. An increase in the perceived riskiness of investing in the domestic economy. C. An increase in domestic saving. D. An decrease in net capital inflow.
Which of the following statements is true?
A) A worker who undertakes general training is likely to earn above his value of marginal product. B) Firm-specific training results in gains to a worker and not to an employer in the labor market. C) Job-specific training results in gains to a worker's employer, but it does not result in gains to the worker in the labor market. D) Training received by a worker does not affect his wages as wage rates are determined by the forces of demand and supply in the labor market.
A rule that a foreign company export a minimum percentage of its output is considered
a. local content requirement b. national treatment c. performance requirement d. most favored nation treatment e. none of the above
Efficiency can correctly be defined as
A) producing outside the production possibilities boundary. B) maximizing opportunity cost. C) producing the most output with given technology and resources. D) providing for the immediate needs of the greatest proportion of the population.