Productivity in manufacturing sectors has risen faster than in service sectors.
Answer the following statement true (T) or false (F)
True
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If businesses spend an additional $150 billion for investment projects in 2010, what will be the impact on national income (Y) if the multiplier is 2?
A. Y will increase by $50 billion. B. Y will increase by $150 billion. C. Y will increase by $300 billion. D. Y will increase by $450 billion.
The contention that domestic unions tend to want to restrict foreign competition with tariffs is
A) a national defense concern. B) the infant industry argument. C) dumping. D) to protect domestic jobs.
In the short run,
a. utilization of any input can be varied b. production takes less than one year c. all resources are limited in supply d. utilization of some inputs is assumed constant e. equilibrium cannot occur
If the MU/P for video rentals is 5 and the MU/P for movie theaters is 8, this person should go to movie theaters more often and rent fewer videos
Indicate whether the statement is true or false