All else constant, an improvement in technology would cause a firm's marginal, average variable, and average total cost functions to increase (graphically, shift up)
Indicate whether the statement is true or false
FALSE
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Which of the following is considered a default-risk-free instrument?
A) a three-month commercial paper issued by GE B) a share of stock issued by Google C) a three-month Treasury bill D) a ten-year bond issued by Intel
You paid $35 for a ticket (which is non-refundable) to see SPAM, a local rock band, in concert on Saturday. Assume that $35 is the most you would have been willing to pay for a ticket. Your boss called, and she is looking for someone to cover a shift on Saturday at the same time as the concert. You would have to work 4 hours and she would pay you $11/hr. The psychic cost to you of working is $2/hr. What is the opportunity cost of going to the concert?
A. $35 B. $1 C. $9 D. $36
When countries have different comparative advantages, the total gains from trade for all countries are larger than losses from trade.
a. true b. false
Why do small differences in the rate of economic growth produce large differences in the size of the economy over time? Illustrate with an example
Please provide the best answer for the statement.