In the production function Real GDP = T (L, K), the T represents the tax coefficient
Indicate whether the statement is true or false
False
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The firm in the above figure breaks even when quantity is
A) A. B) B. C) C. D) D.
Which of the following is included in M2, but not included in M1?
A. demand deposits B. currency held outside banks C. travelers checks D. savings accounts
When federal regulations protect birds, such as the spotted owl, lumber prices rise because
A) there is less supply of available timber. B) there is less demand for available timber. C) there is more supply of available timber. D) there is more demand for available timber.
If oranges sell for $100 per crate in the United States and 4000 pesos per crate in Mexico, the law of one price indicates that you should be able to exchange $1 for
A) 0.025 peso. B) 4 pesos. C) 40 pesos. D) 400 pesos.