Which of the following statements is CORRECT?
A) The United States produces more goods than services.
B) The United States produces more services than goods.
C) The United States produces more agricultural goods than manufactured goods.
D) The United States produces an equal amount of goods and services.
B
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Table 7-1 Workers Toys1 5212322430535? ? ? In Table 7-1, the average physical product after five workers are hired is ?
A. 5. B. 6. C. 7. D. 8.
Which of the following is most likely to happen, if investment in an economy falls?
A) Firms' revenue rise. B) Mortgage defaults fall. C) Labor supply falls. D) Unemployment rises.
Assume that excess reserves are $35 million, demand deposits are $500 million, and total reserves are $135 million. The required reserve ratio is
A) .07. B) .2. C) .25. D) .27.
The drug maker Pfizer enjoyed a monopoly of the antibiotic Lipitor because of patent rights
a. True b. False Indicate whether the statement is true or false