A factor of production that cannot be easily changed in the relevant time period is called a

A) short-run factor.
B) fixed input.
C) variable input.
D) production anchor.


B

Economics

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If 25 workers can pick 100 flats of strawberries per hour, then average product is

A) 100 flats per hour. B) 125 flats per hour. C) 75 flats per hour. D) 4 flats per hour. E) More information is needed about how many flats 24 workers can pick.

Economics

If the present value equation used to calculate the price of a stock you are considering buying is "[$7 / (0.04 - 0.03)]," which of the following is correct, assuming that dividends will grow at a constant rate?

A) The stock price is $7, the dividend growth rate is 3 percent, and the interest rate is 1 percent. B) The stock price is $700, the dividend growth rate is 3 percent, and the interest rate is 4 percent. C) The dividend is $7 per share, the dividend growth rate is 1 percent, and the interest rate is 4 percent. D) The dividend is $7 per share, the dividend growth rate is 4 percent, and the interest rate is 3 percent.

Economics

The sale of foreign assets by a central bank accompanied by an open market purchase of securities of the same size results in:

A) a reduction in the monetary base B) an increase in the monetary base C) a sterilized intervention D) an unsterilized intervention

Economics

Unions can increase their wage rates by

a. all of the following b. decreasing the supply of labor c. using the threat of a strike d. increasing the proportion of union workers in the industry e. increasing the demand for the product they produce and, therefore, the demand for their labor services

Economics