If you knew that the per-unit production cost was $8 and that the total cost of inputs was $1,000, then the number of units of output would be:
A. 75
B. 100
C. 125
D. 150
C. 125
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Consider borrowers and lenders who agree to loans with fixed nominal interest rates. If inflation is higher than what the borrowers and lenders expected, then who benefits from lower real interest rates?
A. Only the borrowers benefit. B. Only the lenders benefit. C. Both borrowers and lenders benefit. D. Neither borrowers nor lenders.
According to the random walk theory
A) the probability that a stock's price will increase tomorrow is greater if it increased today. B) the probability that a stock's price will increase tomorrow is greater if it decreased today. C) the best forecast of tomorrow's price is today's price. D) the best forecast of tomorrow's price is found by determining the trend for the last five trading days.
According to the above table, if these two countries trade
A. the United States should specialize in tablets and Mexico should specialize in TVs. B. we cannot tell which country should specialize in which good without knowing the amount of labor utilized in each country. C. the United States should specialize in both tablets and TVs. D. Mexico should specialize in tablets and the United States in TVs.
Which of the following would be the most likely result if high-speed rail service were introduced to an area and made commuting from that area easier?
A. The cost of living far from one's workplace would rise, and the value of land would increase. B. The cost of living far from one's workplace would rise, and the value of land would decrease. C. The cost of living far from one's workplace would drop, and the value of land would increase. D. The cost of living far from one's workplace would drop, and the value of land would decrease.