When a large amount of output is produced per unit of the input, the input is said to exhibit
A. low productivity.
B. marginal productivity.
C. derived productivity.
D. high productivity.
Answer: D
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The deadweight loss represents the sum of additional consumer and producer surplus should the firm produce the quantity where P = MC rather than where MR = MC
What will be an ideal response?
Individuals who are under the age of 16 can sometimes be out of work, but they are still not included among the unemployed
a. True b. False Indicate whether the statement is true or false
What does a positive U.S. capital inflow signify?
a. Nothing b. That the government is running a budget deficit c. That more funds were invested in the U.S. by foreigners than the U.S. invested abroad during a given time period d. That the U.S. is running a trade surplus e. The U.S. net exports are positive
Which of the following would be most likely to cause the price/earnings ratio of stocks to rise?
a. the expectation of a recession in the near future b. the expectation of inflation in the near future c. higher interest rates d. lower interest rates