Because of its extremely low savings rate the U.S. borrows almost $____ billion dollars a day from ___________ to finance our federal budget and trade deficits.
Fill in the blank(s) with the appropriate word(s).
2, foreigners (or foreign investors)
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The demand for loanable funds
A) increases if wealth increases. B) increases if the expected rate of profit decreases. C) increases in an expansion and decreases in a recession. D) increases if population growth declines. E) decreases in an expansion and increases in a recession.
Neither the demand nor the supply of sugar is perfectly elastic or inelastic. If the government imposes a 5 percent tax on sugar, the
A) price of sugar buyers pay falls by 5 percent. B) price of sugar buyers pay increases by less then 5 percent. C) price of sugar buyers pay does not change. D) quantity of sugar increases. E) price of sugar buyers pay rises by 5 percent.
Look at the production schedule of the Widget Company below:
Number of workers 0 1 2 3 4 5 Number of widgets 0 12 22 30 36 40 What is the marginal product of the second worker? A) 8 B) 10 C) 12 D) 22
Sally's Salon sells haircuts in a perfectly competitive market. As the salon hires additional workers, the marginal revenue product of labor
a. rises whenever the marginal product of labor falls b. is equal to the market price of haircuts c. falls whenever the marginal product of labor falls d. varies only if the market price of haircuts varies e. remains constant