In recent years, the fertility rate in developing countries has been
(a) declining.
(b) holding steady.
(c) increasing.
(d) showing no particular pattern.
A
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Refer to the figure above. This country's exports equal
A) CE units of X. B) GH units of Y. C) CD units of X. D) DE units of Y.
An example of non discretionary policy making is
A) a rule under which the Fed targets the inflation rate. B) expansionary fiscal policy. C) changes in the interest rate initiated by the Fed. D) a Congressional tax-rate cut aimed at boosting real GDP.
Which of the following is not true regarding a change in quantity demanded?
a. A change in quantity demanded is shown by a movement along a given demand curve. b. The demand curve shifts whenever the quantity demanded changes. c. A change in the price of a good, other things constant, will lead to a change in quantity demanded. d. The lower the price of a product, other things constant, the higher the quantity demanded. e. A shift of the supply curve might cause a change in quantity demanded.
Luke realizes that his space taxi service is operating in the region of diminishing marginal product. As he provides more taxi service in the short run, what will happen to the marginal cost of providing the additional service? a. It is impossible to say anything about marginal cost with the information provided. b. Marginal cost will decrease
c. Marginal cost will increase. d. Marginal cost will stay the same.