When marginal product is rising, marginal costs will:
a. rising
b. remaining unchanged.
c. falling.
d. rising by an equal amount.
c
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An increase in the value of the U.S. dollar relative to the Japanese yen would be ________ for Japanese owners of U.S
houses who wish to sell those houses, and ________ for Japanese manufacturers operating factories in the United States that export their products back to Japan. A) good news; bad news B) good news; good news C) bad news; bad news D) bad news; good news
The expenditure approach to measuring 2000 GDP adds up all the incomes earned in the production of final goods and services in 2000
Indicate whether the statement is true or false
Net taxes represent:
a. the difference between the amount of taxes collected by governments and the amount of transfer payments that governments return to households. b. the difference between the amount of interest payments that governments pay on bonds and the amount of taxes collected by governments. c. the sum of the amount of taxes collected by governments and the amount of transfer payments that governments return to households. d. the product of the amount of taxes collected by governments and the amount of transfer payments that governments return to households.
When continued for several years, rapid growth in the money supply relative to the growth of real output will likely lead to an extended period of
a. low unemployment. b. high inflation. c. low nominal interest rates. d. high rates of real economic growth.