A decrease in U.S. interest rates will, other things equal, tend to:
a. lower the foreign exchange value of the dollar.
b. help U.S. exporters
c. cause a net outflow of capital from the U.S.
d. do all of the above.
d
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A firm's value added can be measured as the value of its
A) profits. B) total sales. C) total sales, less purchases from other firms. D) purchases of inputs from other firms.
Which of the following is the primary source of cross-country differences in the real earnings of workers?
a. differences in natural resource endowments b. differences in the share of workers that are members of a labor union c. differences in output per worker d. access to modern technology e. differences in the average number of hours worked
Refer to the provided graph of a competitive market. If the output level is Q1, then there are efficiency losses indicated by the area
What will be an ideal response?
Refer to the above table. At what quantity does diminishing marginal utility set in?
A. after 2 B. after 10 C. after 3 D. after 15