Archie can paint 5 backyard fences or repair 2 cars in 8 hours, while Austin can paint 4 backyard fences or repair 2 cars in 8 hours. Identify the correct statement
a. Archie is relatively better in repairing cars.
b. Archie is relatively better in painting fences.
c. Austin is relatively better in painting fences.
d. Archie and Austin are equally good in painting fences.
e. Neither Archie not Austin are good in repairing cars.
b
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A shift in the investment demand curve can be caused by a change in the expectations of profits by businessmen
a. True b. False Indicate whether the statement is true or false
A conversion of checking account balances into savings account balances would ____ M1 and ____ M2. a. increase; increase
b. not change; increase. c. decrease; decrease. d. decrease; not change.
For a given year, productivity in a particular country is most closely matched with that country's
a. level of real GDP over that year. b. level of real GDP divided by hours worked over that year. c. growth rate of real GDP divided by hours worked over that year. d. growth rate of real GDP per person over that year.
Government bureaucrats want larger budgets
A. because salaries are sometimes tied to budget size. B. to fulfill an "empire building" tendency. C. because it may be necessary to ensure marginal benefits of output equal marginal costs. D. all of these answer options are correct.