Refer to Scenario 14.2. If each unit of output sells for $5, how many days of labor will the firm hire to maximize profit?
A) 1
B) 2
C) 3
D) 4
E) 5
B
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In the United States, the temporary tax surcharge of 1968
A) actually increased consumer spending. B) decreased consumer spending by more than was originally estimated. C) had no impact on consumer spending. D) decreased consumer spending by less than was originally estimated.
A fund in which moneys are set aside either in preset amounts or on a variable basis is referred to as a
a. sinking fund b. serial bond c. common bond d. convertible bond e. mutual fund
One way to enhance the stability of the banking system is to:
A. Require higher bank capitalization or net worth B. Increase the federal funds rate C. Reduce the required-reserve ratio D. Require more leveraging by banks
List and explain the three factors that can increase labor productivity
What will be an ideal response?