A deposit in a commercial bank is a liability for the customer who makes that deposit
a. True
b. False
Indicate whether the statement is true or false
False
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The extra revenue that results from hiring another worker is
A. the marginal revenue of output. B. the marginal revenue product of labor. C. the average revenue of output. D. the marginal input cost.
A method of forcing a company to internalize the total cost of production is
A) to impose a tax on the company to reduce production. B) to provide a subsidy to encourage production. C) for government not to interfere in the company's activities. D) to force the company to reduce the wages it pays to its employees.
Use the information provided in Table 7.2 below to answer the question(s) that follow.
Table 7.2Inputs Required to Produce a Product Using Alternative Technologies
Refer to Table 7.2. If the hourly wage rate is $10 and the hourly price of capital is $50, which production technology should be selected?
A. A B. B C. C D. D
Suppose the economy is at full employment and firms become more optimistic about the future profitability of new investment. Which of the following will happen in the short run?
A) Output will decline. B) Prices will decline. C) Unemployment will decline. D) The aggregate demand curve will shift to the left.