In the market for labor:
A. firms create the supply.
B. the price in the market is the interest rate.
C. individuals are the sellers of the good.
D. there is never disequilibrium.
C. individuals are the sellers of the good.
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Explain what an asset bubble is, when an asset bubble would form, and why the bubble will eventually burst
What will be an ideal response?
The value of net exports equals the value of
a. national saving. b. public saving. c. national saving - net capital outflow. d. national saving - domestic investment.
Is it possible for a currency to appreciate relative to one currency, and depreciate relative to another?
A. No, a currency rises or falls against all currencies. B. No, this could happen only under the gold standard. C. Yes, but only if all governments agree on the new rates. D. Yes, this is possible in a world of floating rates.
A distinguishing characteristic of producers of information products is their
A) high social cost. B) short-run economies of operation. C) low average fixed costs. D) low fixed costs.