Refer to Table 2.3. Increasing the number of workers from 2 to 3 will increase output per day by
A) 60 units. B) 90 units. C) 150 units. D) 240 units.
A
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A profit maximizing monopolist
A) is guaranteed to lose money because of a lack of competition. B) is not guaranteed to make a positive profit. C) is guaranteed to make a positive profit, hence the desire to be a monopolist. D) is guaranteed to make a non-negative profit, otherwise government would step in to assist.
Two of the most important macroeconomic issues are unemployment and inflation.
Answer the following statement true (T) or false (F)
Expectations that bond prices will be rising in the near future are likely to decrease the demand for money.
a. true b. false
The demand for Mexican tomatoes by an American food grocery chain creates a
A) demand for the U.S. dollar. B) demand for an interest rate differential. C) supply of Mexican pesos. D) supply of U.S. dollars.