Domestic law and order, the infrastructure, and the climate of international trade are all aspects of a country's:
a. natural resources endowment. b. human resources investment.
c. capital investment. d. political environment.
d
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The table below shows the utility schedule for a consumer of candy bars. Candy Bars ConsumedTotal Utility001529312414515615713Based on the data in the above table you can conclude that the
A. marginal utility of the third unit is 4 utils. B. total utility of 2 units is 4 utils. C. marginal utility of the fourth unit is 14 utils. D. marginal utility of the sixth unit is 0 utils.
If foreign exchange rates are determined by the interaction of supply and demand forces for the various currencies, then the exchange rate is:
a. fixed. b. government-determined. c. set by the value of gold. d. floating. e. improper.
You find that to attract a sufficient number of workers you have to pay them more dollars. Given the price of your output you determine you are paying your workers more in goods than before. Which of the following has risen?
a. The real and nominal value of the wages you pay. b. The real but not the nominal value of wages you pay. c. The nominal but not the real value of the wages you pay. d. Neither the real nor the nominal value of the wages you pay.
Economists agree that corporations always shift the corporate income tax to consumers by raising product prices.
Answer the following statement true (T) or false (F)