In 2014 , the U.S. GDP accounts for ________ of world output
A) 20%
B) 23%
C) 45%
D) 50%
B
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Private placements are a particularly important type of financing for __________ firms
A) very small B) small C) mid-size D) large
Those in the poorest countries consume only half the calories of those in high income countries
Indicate whether the statement is true or false
Which of the following will not increase the money supply in the United States?
A) lowering the required reserve ratio B) Fed purchases of government securities on the open market C) lowering the discount rate relative to the federal funds rate D) Fed sales of government securities on the open market E) none of the above
At what point should a firm stop hiring workers?
A. when the firm's marginal gain in output from hiring an additional worker is zero B. when the wage per worker starts to increase C. when the firm's marginal profit from hiring an additional worker equals the cost of hiring that worker D. when the firm's value of marginal product equals zero E. when the price of capital starts to decrease