In the short run where total variable cost is ________ at a(n) ________ rate, marginal cost is positive and decreasing.
A. increasing; decreasing
B. decreasing; decreasing
C. decreasing; increasing
D. increasing; increasing
Answer: A
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All of the following are sources of funding for capital goods in developing countries EXCEPT
A) portfolio investment. B) taxation. C) foreign direct investment. D) loans from banks.
A simultaneous reduction in both taxes and the money stock will always
a. increase interest rates. b. lower income and raise the interest rate. c. lower income and raise the interest rate. d. increase income. e. raise income and raise the interest rate.
If a firm's inventory decreases, the gross domestic product (GDP) also decreases
a. True b. False Indicate whether the statement is true or false
Which of these questions does aggregate demand help us answer?I.What determines the total amount of our output that individuals, firms, governments and foreigners want to buy?II.What is the economy's long-run real Gross Domestic Product (GDP)?III.What determines the economy's equilibrium price level?
A. I only B. I and II C. II and III D. I and III