A conversion of checking account balances into savings account balances would ____ M1 and ____ M2.
a. increase; increase
b. not change; increase.
c. decrease; decrease.
d. decrease; not change.
d
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The extent to which investment spending changes with changes to income is called the:
A) marginal propensity to consume. B) marginal propensity to save. C) marginal propensity to import. D) marginal propensity to invest.
Which of the following statements is false?
A) A corporate bond typically has face value of $1,000. B) Corporate bonds typically sell for a price that is equal to the bond's face value. C) The interest that corporate bonds pay is fully taxable. D) State and local governments issue municipal bonds.
Large scale family farms represent about 10% of all farms and produce:
a. Over half of the value of farm production b. About 10% of the value of production c. Less than 10% of the value of production d. About 20% of the value of production
To answer the question, refer to the following figure, showing the marginal revenue product (MRP) and the average revenue product (ARP) curves of a perfectly competitive firm hiring a single variable input, labor.
If the wage is $15, how many workers will the firm hire?
A. 100 B. zero C. 250 D. 200