For a fixed proportion production function, at the vertex of any of the (L-shaped) isoquants the marginal productivity of either input is
a. constant
b. zero
c. negative.
d. a value that cannot be determined.
b
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The recovery from the low point of the Great Depression lasted for ____ months.
A. 12 B. 25 C. 50 D. 90
The ________ specializes in making long-term loans for capital investment projects that do not have private financial support
A) International Monetary Fund B) Federal Reserve Bank C) World Bank D) European Central Bank
If disposable income falls by $40 billion and consumption falls by $30 billion, then the slope of the consumption function is
A) 1.33. B) 0.75. C) 0.4. D) 0.3.
One World View article is titled "Bono Says "Stupid" to Pay Irish Taxes."" The band U2 moved its corporate headquarters to Amsterdam because the Irish government
A. Capped remittances to band members in other countries. B. Capped tax-free royalty income at $360,000. C. Raised taxes on corporate profits. D. Raised marginal tax rates on upper-income earners.