Owning a home is a good example of a transferable resource T or F
Indicate whether the statement is true or false.
Answer: False.
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What determines the real exchange rate and the nominal exchange rate in the long run?
What will be an ideal response?
Figure 10-8
?
In the long run, the perfectly competitive firm in Figure 10-8 will leave the industry if the price falls below
A. $10. B. $9. C. $5. D. $2.
For Michael, the first cup of coffee he drinks every morning is heavenly. The second one is pretty good, but not as good as the first, and if he drinks a third cup he feels jittery and sick. For Michael, the marginal utility from drinking a cup of coffee is clearly:
A. negative. B. positive. C. decreasing. D. increasing.
Which of the following is NOT an important factor affecting economic growth?
A. the rate of growth of capital B. the growth of leisure C. the rate of growth in labor productivity D. the rate of saving