The more human capital workers have, the:
A. less productive they are.
B. more productive they are.
C. lower the value of their marginal product.
D. more technology they will require for their job.
B. more productive they are.
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If the MPS is 0.60, MPC
A) is 1.60. B) is 0.40. C) is 0.30. D) cannot be determined by the given information.
As the price level ________, the purchasing power of money ________
A) decreases; stays the same B) increases; decreases C) decreases; decreases D) increases; increases
Sunk costs
A) are costs that firms sink into marketing. B) are important for optimal decision making. C) are costs associated with repairing something you already own. D) are costs that have already been paid and cannot be recaptured in any significant way.
Which of the following is true of the Federal Reserve System? a. It is one central bank located in Washington, DC
b. It was created just before World War II. c. All Federal Reserve banks are required to also become state banks. d. With the formation of the Fed, the power to issue bank notes was taken away from national banks and turned over to the state banks. e. It was notably unsuccessful in averting the Great Depression.