Which of the following will cause an increase in U.S. imports?
A. A decrease in U.S. wealth.
B. An increase in U.S. consumer confidence.
C. An increase in foreign consumer income.
D. An increase in foreign business investment.
Answer: B
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The main determinant of the discount rate on a privately issued bank note was:
a. how long the issuing bank had been in operation. b. who was on the issuing bank's board of directors. c. the general reputation of the issuing bank. d. the distance of the issuing bank from the location where the note was being used.
Globalization decreases the interconnectedness between countries
a. True b. False Indicate whether the statement is true or false
Answer the question on the basis of the following information: Suppose a firm hires both labor (L) and capital (C) under purely competitive conditions. The price of labor is P L and that of capital is P C . The marginal product of labor is MP L and that
of capital is MP C . The firm sells its product competitively at a price of P X . Refer to the given information. If MP C /P C > MP L /P L , the firm: A. may be maximizing profits, but it is not minimizing costs. B. may be minimizing costs, but it is not maximizing profits. C. is neither minimizing costs nor maximizing profits. D. is minimizing costs and maximizing profits.
A firm pays the market equilibrium wage of $15.00 an hour, and the workers produce 25 units of output an hour. If the firm adopts an efficiency-wage policy, then the wage rate for these workers would be expected to:
A. Increase and productivity to decrease B. Decrease and productivity to increase C. Increase and productivity to increase D. Decrease and productivity to decrease