Which of the following is NOT a factor of production?
A) mineral resources
B) a university professor
C) an apartment building
D) 100 shares of Microsoft stock
D
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An increase in capital inflows will
A) increase the equilibrium exchange rate. B) increase net foreign investment. C) increase capital outflows. D) decrease capital outflows.
For any value of the MPC (marginal propensity to consume), the formula for the expenditure multiplier is
a. 1/(1 - MPC) b. 1/MPC c. 1/(MPC - 1) d. (1 + MPC)/MPC e. 1/(1 + MPC)
The proportion of deposits that banks are legally required to deposit with the central bank are called:
a. discount requirements b. deposit requirements c. reserve requirements d. monetary requirements
There is no market supply curve in:
A. monopolistically competitive and monopolistic markets. B. a perfectly competitive market. C. a monopolistically competitive market. D. a monopolistic market.