Brand names help
A) create commodities.
B) maintain market power.
C) create competition.
D) keep economic profits at zero.
B
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If the marginal revenue product (MRP) of labor is less than the wage rate
A. less labor should be employed. B. the firm is making profits. C. the firm is incurring losses. D. more labor should be employed.
If there is currently a shortage of dollars, which of the following would you expect to see in the foreign exchange market?
A) The dollar will appreciate. B) There will be an increase in the supply of dollars. C) There will be an increase in the demand for dollars. D) The dollar will depreciate.
Increases in the general price level are primarily a macroeconomic issue
a. True b. False
During an economic contraction, housing and stock prices generally
a. fall, leading to a reduction in aggregate demand. b. fall, leading to an increase in aggregate demand. c. rise, leading to a reduction in aggregate demand. d. rise, leading to an increase in aggregate demand.