If the interest rate is 10 percent per year, and you have $100,000 now, which of the following is closest to what your $100,000 will be worth in one year?
A) $105,000
B) $110,000
C) $100,000
D) $102,000
B
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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.
If there isn't sufficient information available, then which of the following approaches to reduce conflicts of interest will have the lowest probability of working?
A) leave it to the market B) supervisory oversight C) separation of functions D) socialization of information production
Compare the effectiveness of monetary policy in an open economy with mobile international capital to monetary policy in a closed economy. Why is it different? Use an appropriate diagram to illustrate your answer
Which of the following has occurred since the North American Free Trade Agreement (NAFTA) took affect in 1994?
a. U.S. trade with both Mexico and Canada has increased. b. Employment in the United States is now slightly lower than before the agreement. c. Employment in the United States is now substantially higher than before the agreement. d. Both a and b are true. e. Both a and c are true.