Suppose that an economy's labor productivity and total worker-hours each grew by 3 percent between year 1 and year 2. We could conclude that this economy's:
A. real GDP remained constant.
B. capital stock increased by 3 percent.
C. production possibilities curve shifted inward.
D. production possibilities curve shifted outward.
D. production possibilities curve shifted outward.
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To maximize its profit, a monopolistically competitive firm
a. takes the price as given and chooses its quantity, just as a competitive firm does. b. takes the price as given and chooses its quantity, just as a colluding oligopolist does. c. chooses its quantity and price, just as a competitive firm does. d. chooses its quantity and price, just as a monopoly does.
If M = the quantity of money, m the money multiplier, MB the Monetary Base, C = Currency, D = Deposits, R = Reserves, RR = required reserves, and ER = Excess reserves, then RR would equal:
A. MB. B. M/MB. C. D - C. D. R - ER.
A Chief Financial Officer (CFO) in an international company would most likely be responsible for all of the following activities EXCEPT ________.
A) managing short-term capital needs B) making financial decisions C) making investment decisions D) managing employee repatriation
According to the graph shown, if the market goes from equilibrium to having its price set at $10 then:
A. $12 of surplus gets transferred from consumers to producers. B. area (C + E) is deadweight loss. C. area B is transferred surplus from consumers to producers. D. All of these are true.