According to the text, the _______________ is currently the primary reserve currency
A) Chinese renmimbi
B) euro
C) U.S. dollar
D) Japanese yen
E) British pound
C
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According to the neoclassical growth model, economic growth occurs because of
a. increasing returns to scale. b. exogenous increases in technology. c. international trade that can increase knowledge. d. government policy which encourages savings. e. all of the above.
The marginal revenue product of labor is
a. how much labor can be purchased with the revenue from the sale of one more unit of the good b. how much the marginal revenue changes when you add more labor c. the same as the marginal revenue product of capital when the markets for labor and capital are in equilibrium d. determined by the wage rate e. the contribution to total revenue made by the marginal laborer
What was the appeals court ruling and the final settlement in the Microsoft antitrust case?
What will be an ideal response?
Which of the following is not a desirable characteristic in an economy?
A. low unemployment B. population increasing faster than output C. growing per-capita output D. low inflation