If the marginal product of capital is smaller than the interest rate, then
a. investment in capital will fall.
b. people are earning negative rents from capital.
c. the supply of current consumption will decline.
d. borrowing will increase.
a. investment in capital will fall.
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In risk characterization, a reference dose (RfD) of 0.007 means that
a. 0.7 percent of people are exposed to the environmental hazard b. exposure to 0.007 milligrams of a pollutant per body weight per day over a lifetime should cause no harm c. there is a 0.007 percent probability that the pollutant causes no harm d. 7 out of 1 million people are affected by the pollutant
Which of the following is not true for a profit maximizing single-price monopolist in the long run?
A. Demand is inelastic. B. Marginal revenue equals marginal cost. C. Price is greater than marginal revenue. D. It will make profit or break even.
Which of the following would not be associated with a favorable supply shock?
a. the short-run Phillips curve shifts left b. unemployment falls c. the price level rises d. output rises.
To bring her family of four up to the poverty line, a woman would need to earn almost $_______ per hour, 40 hours per week, 52 weeks a year.
Fill in the blank(s) with the appropriate word(s).