Labor is demanded by firms in an output market.
Answer the following statement true (T) or false (F)
False
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When the dollar appreciates, the cost to Americans of foreign goods
A. rises and the CPI falls. B. rises and the CPI rises. C. falls and the CPI rises. D. falls and the CPI falls.
The principle of diminishing marginal utility states that marginal utility:
A. is positive. B. falls after some point. C. is always falling. D. is negative.
Which of the following is NOT a reason for the slope of the aggregate demand curve?
A. the interest rate effect B. the substitution effect C. the open-economy effect D. the real balance effect
De minimis risk
a. is the goal required by law under President Reagan’s Executive Order 12291 b. is applicable only to voluntary risk c. is a negligible level of risk such that reducing it further would not be cost justified d. is identical to a zero-risk standard