The inputs into the process of production are called factors of production.
Answer the following statement true (T) or false (F)
True
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Which of the following is always TRUE of rational behavior?
A) It always entails pursuing one's own best interest. B) It always yields the best possible outcome for all individuals. C) It never involves the pursuit of greedy self-interest. D) It never involves taking into account the interests of others.
Immigrants tend to be ________ skilled labor and ___________ unskilled labor
a. complements with; substitutes for b. substitutes for; complements with c. substitutes for; also substitutes for d. complements with; also complements with
Which of the following macroeconomic variables is a small part of real GDP, yet accounts for a large share of the fluctuation in real GDP?
a) unemployment b) consumer spending c) auto sales d) investment
A country is using a beggar-thy-neighbor policy whenever:
A) it uses contractionary monetary policy to attract capital inflows from other countries. B) it devalues its currency to improve its macroeconomic position at the expense of its trading partners. C) it revalues its currency to improve its macroeconomic position and that of its trading partners. D) it cooperates with other countries in establishing its monetary policy.