The marginal productivity principle demonstrates that distribution under a capitalist system is ethically valid.
Answer the following statement true (T) or false (F)
False
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Refer to Figure 13-1. The marginal revenue from the increase in price from P0 to P1 equals
A) the area (A - D). B) the area (B + D - A). C) the area (C - B). D) the area A.
Predatory dumping by foreign firms is a very common phenomenon in U.S. markets
Indicate whether the statement is true or false
If Norway sold more goods and services abroad than it purchased from abroad, then it had
a. positive net exports which is a trade surplus. b. positive net exports which is a trade deficit. c. negative net exports which is a trade surplus. d. negative net exports which is a trade deficit.
Suppose the banks in the Federal Reserve System have $200 billion in transactions accounts, the required reserve ratio is 0.15, and there are no excess reserves in the system. If the required reserve ratio is changed to 0.10, the amount of excess reserves would be
A. Positive $20 billion. B. Positive $10 billion. C. Negative $20 billion. D. Negative $10 billion.