Output Total Cost015125233340448558670Table 8.5Refer to Table 8.5. The firm experiences diminishing returns beginning with the ________ unit.
A. first
B. second
C. third
D. fourth
Answer: D
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The level of saving in Japan has historically been high relative to the level of domestic investment. Based on this information, we would expect that
A) Japan's private saving is greater than its public saving. B) Japan's capital inflows are positive. C) Japan's net foreign investment has been relatively low. D) Japan's net exports have been relatively high.
The HeckscherOhlin model assumes that factors of production can move freely _______, but cannot move _______.
a. domestically; internationally b. after they are fully trained; before the training period is over c. internationally; domestically d. within unskilled occupations; into highskill jobs
If we consider the equation PAE = A + bY the part of the equation that relates to autonomous sources of spending is:
A. PAE B. Y C. A D. b
The view that inappropriate monetary policy was the main reason for the depth of the Great Depression in the United States is most closely associated with
A. the monetarist view. B. the rational expectations theory. C. the mainstream view. D. the real business cycle theory.