Even though Mexico is a developing country, the NAFTA market is very rich
Indicate whether the statement is true or false
TRUE
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An increase in an asset's expected return relative to that of an alternative asset, holding everything else constant, ________ the quantity demanded of the asset
A) increases B) decreases C) has no effect on D) erases
Bob's Baubles, Inc, sells its product for $3 each in a perfectly competitive market. If it increases its workforce from 1,000 to 1,001, its output goes from 615 to 625 per day. Bob should hire the 1,001st worker only if: a. the wage is more than $30 per day. b. the wage is $30 or less per day
c. the wage is less than $10 per day. d. the wage is less than $3 per day.
According to Okun's Law, if GDP increased by 12%, the unemployment rate would decrease by
A. 2 percentage point. B. 3 percentage points. C. 4 percentage points. D. 6 percentage points.
Ellie and Jenny both brought grapes and crackers in their school lunches. If they have different marginal rates of substitution of grapes for crackers, their parents have not allocated lunch resources efficiently.
Answer the following statement true (T) or false (F)