If U.S. official reserves increase, is the official settlements account balance positive, negative, or unaffected?
What will be an ideal response?
If U.S. official reserves increase, the official settlements account balance is negative.
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Along the vertical axis of the production function we typically measure
a. revenue. b. the marginal product of the input. c. the quantity of input. d. the quantity of output.
Almost half of the world lives on less than $____ a day.
Fill in the blank(s) with the appropriate word(s).
Office workers and word processing programs are complements if:
A. they perform similar functions. B. a decrease in the wage paid to office workers leads to an increase in the demand for word processing programs. C. a decrease in the wage paid to office workers leads to a leftward shift in the demand for word processing programs. D. an increase in the price of word processing programs leads to an increase in the demand for office workers.
If a perfectly competitive firm is currently producing where ________, then the firm will earn zero profits.
A. P > MC and MC = ATC B. P < MC and MC > ATC C. P = MC and MC < ATC D. P = MC and MC = ATC