For country A, an export is a good produced in
A) country B and purchased by residents of country A.
B) country A and purchased by residents of country A.
C) country B and purchased by residents of country B.
D) country A and purchased by residents of country B.
D
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If the demand for loanable funds curve shifts rightward from the curve shown in the figure above, the shift could be the result of
A) a rise in the real interest rate. B) a decrease in expected profit. C) a fall in the real interest rate. D) an increase in expected profit. E) a decrease in real GDP. The figure above shows the supply of loanable funds curve.
Which of the following is likely to occur as the result of the law of diminishing marginal utility?
A) Petra's utility from her second apple was less than her satisfaction from her first orange. B) Sabine's utility from her first granola bar is greater than Rachel's utility from her second granola bar. C) Wesley enjoyed his second bottle of iced tea less than his first bottle, other things constant. D) Hudson enjoyed his second slice of pizza more than his first.
Which of the following prices could represent Sally's willingness to pay for a pair of shoes if she bought them for $45?
A. $15.00 B. $25.00 C. $44.99 D. $55.00
Explain reasons that may make payments based on marginal productivity have widely varied results.
What will be an ideal response?