Marginal costs are defined as
A) the change in total costs due to a one-unit change in production.
B) costs that are viewed as marginal; of little or small importance.
C) costs that represent a change, but one that cannot be measured correctly.
D) the change in the decisions that are made by households and firms.
Answer: A
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Nations with slower growth rates can "catch up" to rapidly growing countries by
A) using budget deficits as a long-run policy tool. B) adopting the technologies of the wealthier nations. C) pressuring the central bank to increase the money supply and reduce interest rates. D) raising the minimum wage. E) exporting more than it imports.
An $8,000 coupon bond with a $400 coupon payment every year has a coupon rate of
A) 5 percent. B) 8 percent. C) 10 percent. D) 40 percent.
The relationship between the rate of saving and per capita real GDP is
A) positive. B) negative. C) constant. D) not stable.
The reserve requirement ensures that the central bank of a country focuses only on keeping the inflation rate at a low level
a. True b. False Indicate whether the statement is true or false