Which of the following has made the largest contribution to the growth of labour productivity in Canada?
A) improved resource allocation
B) education and training of labour
C)Economies of scale
D)technological advance
D)technological advance
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In peak-load pricing,
A) marginal revenue is equal in both periods. B) marginal revenue in the peak period is greater than in the off-peak period. C) marginal revenue in the peak period is less than in the off-peak period. D) the sum of the marginal revenues is greater than the sum of the marginal costs.
In which zone will small shifts in AD, either to the right or the left, have relatively little effect on the output level, but instead will have greater effect on the price level?
a. Keynesian b. Neoclassical c. Intermediate d. Equilibrium
Which of the following statements is most correct if the Fed sees no need to engage in expansionary monetary policy?
A. It will be impossible for the Fed to shrink its balance sheet. B. Eventually, the Fed will shrink its balance sheet by letting securities it holds expire. C. The Fed is likely to increase the size of its balance sheet. D. The Fed will likely shrink its balance sheet rapidly.
Which of the following best defines the exchange rate?
A. The rate at which one currency can be exchanged for another B. The rate at which the goods of one country can be exchanged for the goods of another C. The ratio of the number of units of one currency in circulation to the number of units of another currency in circulation D. The difference between the inflation rate in one country and the inflation rate in another country