Some products of the knowledge economy
A) have an initial marginal cost that is very low and then rises.
B) have no marginal costs.
C) have an initial marginal cost that is very high and then falls to zero.
D) none of these choices.
C
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From any point below the current LM curve, money market equilibrium can be restored by some combination of a ________ income and a ________ interest rate that ________ the demand for money
A) higher, higher, increases B) higher, lower, increases C) higher, lower, reduces D) lower, higher, increases E) lower, higher, reduces
When did housing prices start to fall during the most recent housing boom?
A) 2005 B) 2006 C) 2007 D) 2008
Characteristics of the short run include: a. at least one fixed input
b. insufficient time for firms to enter or leave the industry in question. c. the applicability of the law of diminishing marginal product. d. all of the above.
Kansas City, Minneapolis, St. Louis, and Atlanta are all locations of ______ banks.
Fill in the blank(s) with the appropriate word(s).