Productivity growth in the U.S. averaged approximately 3 percent per year between 1947 and 1973; it has averaged approximately 5 percent annually since then
a. True
b. False
Indicate whether the statement is true or false
False
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The table above shows the total utility from the two goods Freddy likes to consume. The marginal utility Freddy receives from consuming an extra bag of Fritos
A) depends on the quantity of fruit drinks consumed. B) decreases as he consumes more bags of Fritos. C) decreases as he consumes more fruit drinks. D) equals 75 when he consumes 2 bags of Fritos.
Which of the Fed's instruments is most frequently used?
A) Changing reserve requirements B) Open-market operations C) Changing the discount rate D) Changing margin requirements for the stock market
Karl Marx said all of the following, except that
A. in the long run, capitalism would collapse. B. capitalists and workers generally had the same economic interests. C. one's social consciousness was determined by one's relationship to the means of production. D. whomever controlled a society's capital controlled that society.
In most microeconomic models, a decision maker
A) maximizes an objective subject to a constraint. B) faces no constraints. C) has no clearly defined objective. D) B and C