If Intel moves first and makes a large investment in a chip fabrication plant in Bolivia in exchange for tax credits, Intel has made ________ and Bolivia ________
A) a tactical error; will nationalize the plant
B) a specific investment; will create the tax credit
C) a specific investment; has a hostage
D) a general investment; no longer has to grant the tax credits
C
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The correlated random effects approach cannot be applied to models with many time-varying explanatory variables.
Answer the following statement true (T) or false (F)
Excess quantity demanded may result from
A. a government-imposed maximum price below market equilibrium. B. a government-imposed minimum price above market equilibrium. C. an oversupply of output. D. technological progress.
Assume that labor is the only variable input and that the payment made to labor is denoted as W. The marginal product of labor can be stated as
A. W/MC. B. (W) × (MC). C. MC/W. D. TC/W.
An increase in worker productivity will
A. increase aggregate supply. B. decrease aggregate supply. C. increase aggregate demand. D. decrease aggregate demand.