The formula that is generally used to measure productivity is
A. goods divided by time.
B. labor divided by resources.
C. outputs divided by inputs.
D. inputs divided by labor.
C. outputs divided by inputs.
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Consumer surplus exists when a
A) person buys something with a marginal benefit less than what they paid. B) person buys something with a marginal benefit exactly what they paid. C) person buys something with a marginal benefit more than what they paid. D) producer sells something for more than it is worth. E) person buys something with a marginal cost less than what they paid.
Why is marginal revenue less than price for a monopolist?
What will be an ideal response?
Measured as a share of GDP, the borrowing of the federal government from foreigners
a. is zero; the federal government does not borrow from foreigners. b. is 100 percent; the federal government borrows only from foreigners. c. has been approximately 50 percent of GDP since the early 1990s. d. was approximately 10 percent of GDP in 2000, but it soared to 35 percent of GDP in 2012.
Assume that the expectation of a recession next year causes business investments and household consumption to fall, as well as the financing to support it. If the nation has low mobility international capital markets and a fixed exchange rate system, what happens to the real risk-free interest rate and current international transactions in the context of the Three-Sector-Model?
a. The real risk-free interest rate falls and current international transactions become more positive (or less negative). b. The real risk-free interest rate rises and current international transactions become more negative (or less positive). c. The real risk-free interest rate and current international transactions remain the same. d. The real risk-free interest rate rises and current international transactions remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.