Input prices fall as entry occurs in an increasing-cost industry.
Answer the following statement true (T) or false (F)
False
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The President counts among his economic advisors the Congressional Budget Office
a. True b. False Indicate whether the statement is true or false
In the table above, how much does the third unit of labor ADD to total output?
A. 125 B. 150 C. 100 D. 300 E. none of the above
Calculate the effective rate of protection for the domestic MP3 player industry following the imposition of a 20 percent tariff on the imports of MP3 players. The cost of material inputs used in the production of MP3 players in the country is $100 per unit, and there is free trade in these material inputs. The world price of MP3 players is $175 per unit. Assume that the country is a small country.
A. 46?% B. 35% C. 72?% D. 20%
The difference between M1 and M2 is given by which of the following?
A. M1 includes currency, coins, gold and silver, whereas M2 does not contain gold and silver. B. M1 is made up of currency, traveler's checks, and money in checkable accounts, whereas M2 contains M1 plus savings deposits and time deposits. C. M1 is limited to currency, whereas M2 contains M1 plus traveler's checks and money in checkable accounts. D. M1 includes currency and traveler's checks, whereas M2 contains M1 plus money in checking accounts.