If Q = K2L2 the MPK is
a. constant
b. diminishing
c. increasing
c
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________ policies involve government support for manufacturing sectors in which a country has potential comparative advantage
A) Comprehensive development B) Primary-export-led development C) Import-substitution development D) Outward-looking development
If the graph shown is displaying a competitive market and the market is currently offering a wage less than P*:
A. there would be excess workers who want to work at that wage.
B. there would be unemployment in the market.
C. firms will have a hard time finding employees.
D. firms would be forced by government to adjust their wages back to equilibrium.
Firms that discriminate are:
A. always more profitable than firms that do not. B. irrational. C. sometimes more profitable than firms that do not. D. always less profitable than firms that do not.
Demand deposits are included as part of:
a) only M1. b) only M2. c) neither M1 nor M2. d) M1 and M2.