The long-run capacity decision depends on the ________ period marginal revenue and the ________ marginal cost.
A) off-peak; short-run
B) off-peak; long-run
C) peak-; short-run
D) peak-; long-run
D) peak-; long-run
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To help pull an economy out of a recession and put additional income in the hands of the public, a government can force its expenditures to ________ its revenues and create a ________
A) reduce; deficit B) exceed; special taxes C) stimulate; depression D) exceed; deficit
The Heckscher-Ohlin model is an alternative to the classical theory of international trade that focuses on the factors of production that countries possess
Indicate whether the statement is true or false
Losers from inflation include:
a. savers and borrowers. b. landlords and the government. c. borrowers and the government. d. those on a fixed income and borrowers. e. those on a fixed income and savers.
At the Pampered Pet Salon the marginal products of the first, second, and third workers are 20, 16, and 10 dogs washed, respectively. The total product (number of dogs washed) of the first two workers is
A. 16. B. 20. C. 36. D. 46.