If marginal physical product of labor is declining, then average physical product must also be declining
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to Figure 4-5. With rent control, the quantity supplied is Q1. Suppose apartment owners ignore the law and rent this quantity for the highest rent they can get. What is the highest rent they can get?
A) R1 B) R0 C) more than R1 D) R*
The Beveridge curve shifted outward during what period?
A) during the Great Depression. B) during the Great Moderation. C) after January 2008. D) between January 2000 and December 2007.
A firm's market share can be measured by
a. firm's sales/industry sales b. industry sales/firm's sales c. the concentration ratio d. the HHI e. firm's sales/firm's profits
What did the Federalists believe about banking?
(A) They believed that state governments should own and run the nation's banks. (B) They believed that the banking system already in existence was sufficient. (C) They believed that a centralized banking system was necessary. (D) They believed an international banking system would be best.