Which of the following statements would not be considered a positive? statement?
A. In 2013-2014, tuition at 4-year colleges grew at its slowest rate in 30 years.
B. U.S. automobile sales increased by 13 percent in 2012, compared to 2011.
C. The highest annual unemployment rate in the last 10 years was 9.6 percent.
D. The vending machine outside the classroom needs a better selection of food.
A. In 2013-2014, tuition at 4-year colleges grew at its slowest rate in 30 years.
B. U.S. automobile sales increased by 13 percent in 2012, compared to 2011.
C. The highest annual unemployment rate in the last 10 years was 9.6 percent.
D. The vending machine outside the classroom needs a better selection of food.
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In a two-period model with production, an increase in the world real interest rate
A) increases domestic output and increases the current account surplus. B) increases domestic output and decreases the current account surplus. C) decreases domestic output and increases the current account surplus. D) decreases domestic output and decreases the current account surplus.
Frictional unemployment is a variation in unemployment caused by:
a. the economy moving from expansion to recession or from recession to expansion. b. people changing jobs within the economy. c. people lacking skills valued by the labor market. d. seasonal changes in the weather such as the temperature getting hotter.
The marginal product curve:
A. typically decreases at low levels of input, but increases as input increases. B. shows how many extra outputs are created with each additional input. C. cannot be negative, since total output cannot be negative. D. None of these is true.
Refer to the following graph. The price of capital (r) is $20.
At the optimal combination of inputs for producing 14,000 units of output, what is the marginal rate of technical substitution?
A. 0.80 B. 2.5 C. 1.5 D. 0.67 E. impossible to tell from the graph