The dollar demand curve in the foreign exchange market is:
A) vertical. B) downward sloping.
C) upward sloping. D) horizontal.
B
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In a one-person Robinson Crusoe economy, labor specialization
a. can shift the production possibilities curve to the right b. is already present because Crusoe produces everything himself c. can decrease production of all types of goods d. cannot increase production e. is impossible
"Depression means idleness. And idleness means loss of skills, loss of self-respect, plummeting morale, family disintegration, and sociopolitical unrest." This quote describes some of the:
natural rate of unemployment b. Consequences of the hyperinflation that accompanies a recession c. Characteristics of structural unemployment d. Noneconomic costs of unemployment
Refer to the above diagram. At output level Q total cost is:
A. 0AFQ plus BCDE. B. 0BEQ plus BCDE. C. BCDE. D. 0BEQ.
Hannah's House of Hotcakes serves 30 customers in an hour when it hires one worker. It serves 60 customers in an hour when it hires two workers. The marginal product of the second worker is ________ customers served per hour.
A. 20 B. 30 C. 50 D. 67.5