Resource prices may differ temporarily across markets because:
a. of lack of free mobility.
b. of difference in quality.
c. of the time required for adjustment.
d. of difference in availability.
d
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Refer to Figure 11-11. Constant returns to scale
A) occur between 10,000 and 20,000 pictures frames per month. B) occur for output rates greater than 5,000 picture frames. C) occur between 5,000 and 20,000 picture frames per month. D) will shift the long-run average cost curve downward.
Recessionary gaps are most likely to be accompanied by
A. inflation. B. inventory reductions. C. unemployment. D. expanding output.
The primary source of earnings of commercial banks is income derived from
What will be an ideal response?
While the budget deficit represents a ________, the public debt represents a ________
A) flow; flow B) stock; flow C) flow; stock D) stock; stock