If the productivity of labor falls, its MPP will _____ and its MRP will _____.
A. rise; rise
B. fall; fall
C. rise; fall
D. fall; rise
B. fall; fall
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Which of the following is an example of a bank realizing economies of scope?
A) The bank develops a standard mortgage loan application to make the process of loaning out mortgages easier. B) The bank reduces costs of credit checking for the loan process by outsourcing the process to a specialist. C) By using the information collected from a corporation, the bank can decide how easy it would be to sell bonds issued by the corporation to the public. D) A bank in a rural area specializes in providing agricultural loans.
What are the private costs of driving an automobile? What are the external costs?
What will be an ideal response?
The Lorenz curve shows the:
a. growth of income over time compared to potential growth of income. b. relative percentage of income going to each of the resources. c. demand for unskilled versus unskilled labor. d. actual cumulative percentage of income received compared to a perfectly equal cumulative percentages of income.
Since 1959, the U.S. has experienced severe recessions in which three periods?
a. 1964-65, 1981-82, and 1990-91 b. 1974-75, 1981-82, and 2008-09 c. 1960-61, 1974-75, and 2008-09 d. 1960-61, 1981-82, and 2008-09 e. 1969-70, 1981-82, and 2008-09