The shape of a firm's expansion path depends upon
a. the price of the labor input.
b. the price of the capital input.
c. the shape of the firm's production function.
d. all of these factors.
d
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If a life can be saved for $250 using Method A and $260 using Method B,
a. it would be efficient to shift resources from A to B b. it would be efficient to shift resources from B to A c. both methods should be pursued to the maximum extent possible d. neither method should be used if methods with higher dollar values are available e. both methods are on the economy's production possibilities frontier
An increase in the marginal propensity to import will cause
A) the multiplier to increase and a given change in government spending (G) to have a larger effect on domestic output. B) the multiplier to increase and a given change in government spending (G) to have a smaller effect on domestic output. C) the multiplier to decrease and a given change in government spending (G) to have a larger effect on domestic output. D) the multiplier to decrease and a given change in government spending (G) to have a smaller effect on domestic output.
Reducing the maximum LTV is likely to ________ demand and thus ________ the housing price increase
A) decrease; slow down B) increase; slow down C) decrease; speed up D) increase; speed up
In the 1960s, banks started __________ in order to maneuver around the Glass-Steagall act
A) opening foreign branches B) using Section 20 affiliates C) forming one-bank holding companies D) dropping Federal Reserve membership