Refer to the diagram. This economy will experience unemployment if it produces at point:
A. A.
B. B.
C. C.
D. D.
D. D.
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Refer to Figure 5-7. The marginal cost of reducing pollution curve is the same curve as
A) the demand for pollution reduction curve. B) the value of pollution reduction curve. C) the negative externality curve. D) the supply of pollution reduction curve.
Which of the following is a similarity between a bank loan and a bond? a. Only large business houses can raise funds from these two methods
b. Only small business houses can raise funds from these two methods. c. Funds raised from both methods have a fixed tenure for repayment. d. Interest is required to be paid on the funds raised from both bonds and bank loans.
One reason stagflation is difficult to recover from is because:
A. less output requires less inputs to be hired. B. prices tend to adjust more quickly downward than upward. C. wages are sticky downward. D. input prices increase with output prices.
Refer to the information provided in Table 6.4 below to answer the question(s) that follow. Table 6.4Number ofDonuts per DayTotal UtilityMarginal Utility180?2150?3200?4230?5?10Number ofBurritos per DayTotal UtilityMarginal Utility160?2108?3144?4168?5?12Refer to Table 6.4. The total utility of five donuts per day is
A. 230. B. 240. C. 260. D. indeterminate from this information.