On the eve of the Civil War, which U.S. region had the highest per capita income?
a. the Northeast region
b. the South Atlantic region
c. the North Central region
d. the West South Central region
d. the West South Central region
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The shape of the productivity curve reflects the
A) effects of capital accumulation. B) effects of technological progress. C) change in labor productivity as human capital increases. D) law of diminishing marginal returns. E) effects of population growth.
If a production quota is set below the equilibrium quantity, at the quota quantity, marginal benefit is ________ marginal cost and the level of production is ________
A) greater than; inefficient B) greater than; efficient C) less than; inefficient D) equal to; efficient
An equilibrium in a game in which players pursue their own self-interests and do not cooperate is called a
A) dominant strategy equilibrium. B) prisoner's dilemma equilibrium. C) noncooperative equilibrium. D) cartel equilibrium.
Americans needing foreign currencies get those currencies from a bank. The ultimate source of these currencies is
a. U.S. investments abroad. b. U.S. exports to foreign countries. c. U.S. imports of foreign goods and services. d. the International Monetary Fund.