Macroeconomic issues include all of the following EXCEPT:
A. recessions and expansions.
B. productivity.
C. energy reserves.
D. economic growth.
Answer: C
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Refer to Exhibit 11-4. If a person’s taxable income is $30,000, how much does he pay in taxes?
A. $4,850 B. $1,400 C. $3,900 D. $4,345
A corporate executive makes the following statement – "The company must keep hiring more workers up to the point where the marginal productivity of the last worker we hire is zero. This way we can maximize the total productivity of the firm
" Critically evaluate this statement. Also comment on whether this is the correct objective function for the firm.
Refer to Table 10-2. Using the table above, what is the approximate growth rate of real GDP from 2015 to 2016?
A) -2% B) -1% C) 1% D) 2%
Refer to Figure 19-11. The graph above depicts supply and demand for British pounds during a trading day. At a fixed exchange rate of $2.00 per pound, the pound is ________ versus the dollar
A ________ of the pound would correct the fundamental disequilibrium that exists in this market. A) overvalued; devaluation B) overvalued; revaluation C) undervalued; devaluation D) undervalued; revaluation