If product price increases, then:
a. MP will decrease.
b. MRP will increase.
c. MFC will increase.
d. MP will increase.
b
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Which of the following explains why many European countries have unemployment rates that are higher than in the United States?
A) Technological change occurs at a faster rate in Europe, so structural unemployment is higher in Europe. B) European countries offer higher unemployment benefits than the United States. C) The minimum wage in Europe is lower than it is in the United States. D) Firms in European countries offer employees higher wages and higher benefits than do firms in the United States.
The interest rate you typically earn on a deposit at a bank:
A. represents the price of your loan. B. is the opportunity cost to a bank of lending money. C. is the opportunity cost to you of lending money. D. represents the risk of investing.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The economy is currently at Point A. The opportunity cost of moving from Point A to Point B is the
A. 30 LCD televisions that must be forgone to produce 60 additional OLED televisions. B. 90 LCD televisions that must be forgone to produce 20 additional OLED televisions. C. 30 LCD televisions that must be forgone to produce 20 additional OLED televisions. D. 120 LCD televisions that must be forgone to produce 40 additional OLED televisions.
By 2015, ________ members of the European Union were using the euro as their currency
A) 12 B) 19 C) 28 D) 57