In the 1990s, our productivity grew by about ____ percent.
A. 16
B. 21
C. 32
D. 38
B. 21
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Refer to Figure 16-1. What is the price charged under perfect price discrimination?
A) P3 B) P4 C) a range of prices corresponding to the demand curve from P3 and above D) a range of prices corresponding to the demand curve from P4 and above
Suppose the typical consumer only purchases food and clothing, and her utility can be expressed as U = F ? C. Currently, food costs $5 per unit and clothing costs $2 per unit. Her income is $70
If the price of food increases to $6, compare the resulting Laspeyres price index with a true cost of living index.
The speculative demand curve for money is:
a. downward sloping. b. upward sloping. c. vertical. d. horizontal. e. spiral.
If an economy has a trade policy of a fixed exchange rate, then its monetary and fiscal policies are:
A. more restricted when dealing with domestic goals. B. less restricted when dealing with domestic goals. C. independent of the trade policy. D. independent of the trade regime.