China exports more services than India
Indicate whether the statement is true or false
TRUE
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Measures which aim at eliminating the income disparity between the rich and the poor affect incentives to work, innovate, take risks, acquire education, and so on
a. True b. False Indicate whether the statement is true or false
To the extent that oligopolies ________, there is the promise of new and exciting products.
A. differentiate their products B. advertise C. produce homogeneous products D. Both A and B are correct.
Suppose two workers can harvest $46 and three workers can harvest $60 worth of apples per day. On the basis of this information we can say that the:
A. Marginal product of each of the first two workers is 23 B. Marginal revenue product of each of the first two workers is $23 C. Marginal revenue product of the third worker is $14 D. Third worker should not be hired
When the money market is drawn with the value of money on the vertical axis, the value of money decreases if
a. either money demand or money supply shifts right. b. either money demand or money supply shifts left. c. money demand shifts right or money supply shifts left. d. money demand shifts left or money supply shifts right.