Which of the following cost functions exhibits cost complementarity?
A. Q2Q1 + 2Q1
B. ?3Q2 + 4Q1
C. 5Q1Q2 ? Q1
D. ?5Q1Q2 + 7Q1
Answer: D
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Before they can be used in regular exchanges, the assets that make up M2 must often
A) be paid off if they are credit cards. B) be converted to M1 assets. C) have their interest computed. D) have reached term if they are insurance policies.
An explanation for why the short-run aggregate supply curve is upward-sloping is because: a. the quantity of real output supplied is inversely related to the aggregate supply curve. b. nominal incomes are fixed
c. the capital-output ratio is fixed. d. an increase in price will increase the marginal aggregate output.
Figure 4.5 illustrates a set of supply and demand curves for hamburgers. A decrease in supply and a decrease in quantity demanded are represented by a movement from:
A. point a to point d. B. point c to point d. C. point c to point a. D. point b to point c.
Under the NAFTA, countries must enforce their own labor standards
Indicate whether the statement is true or false