Use the information provided in Table 7.4 below to answer the question(s) that follow.
Table 7.4Inputs Required to Produce a Product Using Alternative TechnologiesTechnologyUnits of CapitalNumber of EmployeesA 836B 1224C 1616D 24 12Refer to Table 7.4. Which technology is the most labor intensive?
A. A
B. B
C. C
D. D
Answer: A
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Based on the production and revenue data in the above table, what is the price of the product?
A) $100 B) $10 C) $1 D) More information is needed to determine the price of the product.
Compare currency board to conventional fixed exchange rate
What will be an ideal response?
Which of the following statements is most accurate?
A. Central bank statements in developed countries differ in length but are similar in the speed with which policy changes are announced. B. Central bank statements in developed countries are similar both in length and in the speed with which policy changes are announced. C. Central bank statements in developed countries differ both in length and in the speed with which policy changes are announced. D. Central bank statements in developed countries are similar in length but differ in the speed with which policy changes are announced.
In the Keynesian model, the difference between no intervention by the government during a recession and intervention using expansionary monetary or fiscal policy is that no intervention will return the economy to its equilibrium level of output
A. slower than intervention will and at a higher price level. B. faster than intervention will and at a lower price level. C. slower than intervention will and at a lower price level. D. faster than intervention will and at a higher price level.