Answer the following questions true (T) or false (F)
1. The major macro variables affecting economic conditions in production agriculture include the rate of interest.
2. The so-called "real economy" includes the money market.
3. The budget deficit in the current period is financed by the net sales of government securities by the U.S. Treasury department.
1. TRUE
2. FALSE
3. TRUE
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In the above table, the marginal product is greatest when the
A) first worker is hired. B) second worker is hired. C) third worker is hired. D) fourth worker is hired.
Define the fertility rate and the mortality rate
What will be an ideal response?
A decrease in the price of the output produced by labor will:
A. decrease the supply of labor. B. increase the demand for labor. C. decrease the demand for labor. D. increase the supply of labor.
This profit-maximizing firm produces a quantity of a little over _______ units.
A. 125.
B. 110.
C. 85.
D. 65.