Which of the following is not held constant along a demand curve for labor by a firm?
A. The firm’s technology of production
B. The price of the firm’s output
C. The marginal product of labor for the firm
D. The price of substitutes for the firm’s output
Answer: C
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The acquisition of more than 10 percent of the shares of ownership in a company in another country is known as
A) net national investment. B) portfolio investment C) net exports. D) none of the above
A speculator may choose to buy a call option because
A) the possible gain is greater than with a futures contract. B) the potential loss on the call is limited to the premium, while the potential loss is unlimited with a futures contract. C) the possible gain with the option is great than the possible gain from buying the underlying stock itself. D) calls eliminate the risk of loss so a speculator can lose nothing or just make a gain.
Which of the following would be most likely to shift a country's production possibilities curve outward?
a. An improvement in the general level of literacy and education b. A sudden, substantial expansion of consumer wants. c. A reduction in the country's labor force or population. d. Shifting resources from investment to consumption goods production.
In the last few decades there has been little progress in lowering the barriers to international trade.
Answer the following statement true (T) or false (F)