In the Great Depression, investment spending fell by ________
A) nine-tenths of one percent
B) nine percent
C) ninety percent
D) nine hundred percent
C
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Screening and signaling in the labor market are inefficient
A) unless college costs are relatively low. B) unless they result in a better job match. C) because the benefits are spread out over many firms. D) because they raise the wage paid to all workers.
Which of the following is not a benefit to lenders/investors of financial intermediation?
a. Lower transaction costs than the direct market. b. Lower risks than the direct market. c. More diversification than the direct market. d. More convenient than the direct market. e. Higher yield than the direct market.
When the equilibrium dollar price of a foreign currency decreases due to changes in demand for or supply of the foreign currency, the domestic currency
A) has appreciated. B) has depreciated. C) is overvalued. D) is undervalued. E) is revalued.
Refer to the table shown. The marginal product of the third worker is:Number of workersMarginal product of workers1225394145166177188189171015
A. 2. B. 17. C. 9. D. 8.