Leontief used an input-output table in order to test the
A) classical theory.
B) the Heckscher-Ohlin theory.
C) the Linder hypothesis.
D) All of the above.
B
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For a single-price monopolist, price is ________ marginal revenue
A) less than B) greater than C) equal to D) less than or equal to but never more than
The dominant school of economic thought from the late 19th century until the Great Depression of the 1930s was
a. classical b. Keynesian c. monetarism d. supply-side e. rational expectations Indicate whether the statement is true or false
The time gap between a nation's decision to implement a corrective economic policy and the actual results of the policy is known as the:
A) inside lag. B) inside lapse. C) outside lag. D) outside lapse.
Other things being equal, a decrease in the price of ethanol will
A. decrease the use of corn in ethanol production but increase the use of corn in HFCS (another product produced from corn). B. decrease the use of corn in ethanol production and in HFCS. C. decrease the use of corn in all corn uses. D. increase the use of corn in HFCS.