A country has $40 billion of domestic investment and net capital outflows of -$20 billion. What is the country's saving?
a. -$60 billion
b. -$20 billion
c. $20 billion
d. $60 billion
c
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Nick can purchase each milkshake for $2. For the first milkshake purchased Nick is willing to pay $4, for the second milkshake $3, for the third milkshake $2 and for the fourth milkshake $1
What is the value of Nick's consumer surplus for the milkshakes he buys? A) $2 B) $9 C) $3 D) $10
A firm faces the following relationship between the real wage it pays and the effort exerted by its workers. The marginal product of labor for this firm is given by MPN = E (100 - N)/9
The firm will choose to pay a wage such that the effort level is A) 20. B) 24. C) 27. D) 29.
The years between 1896 and World War I were characterized by:
a. rapidly rising prices in the U.S. b. wild fluctuations in international exchange rates. c. the "heyday" of the gold standard in the U.S. and most industrialized countries. d. barriers that prevented the flow of goods and capital across international borders. e. All of the above.
Recall the Application about a South African consumer lender that offered different interest rates in loan offers via mass mailings to answer the following question(s).Based on the results of the Application, if a firm can only afford to put one picture in their mailings, it should be:
A. a woman, because it increases men's uptake rate, but does not affect women's uptake rate. B. a woman, because it increases women's uptake rate, but does not affect men's uptake rate. C. a man, because it increases men's uptake rate, but does not affect women's uptake rate. D. a man, because it increases women's uptake rate, but does not affect men's uptake rate.