A creditor nation means a nation
A) whose exports exceed its imports.
B) whose current account is larger than its capital account.
C) whose current lending to the rest of the world exceeds its borrowing from the rest of the world.
D) who through its history has invested more in the rest of the world than other countries have invested in it.
D
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The marginal product of labor is the change in
A) total cost from employing one more worker. B) total revenue from employing one more worker. C) average product from employing one more worker. D) total output from employing one more worker. E) total output divided by the change in cost from employing one more worker.
Refer to the figure above. What is the total surplus before Lithasia opens up to free trade?
A) $10 B) $20 C) $30 D) $40
Explain why correlation does not always imply causation. Does causation always imply positive correlation? Explain your answer
What will be an ideal response?
A decrease in the unemployment rate may be represented as a movement from a point on the production possibilities frontier to a point outside the frontier
Indicate whether the statement is true or false