Immigration into Costa Rica reduces the Costa Rican labor force but adds to Costa Rican labor productivity
Indicate whether the statement is true or false
F
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Assume First Central Bank has a desired reserve ratio of 15 percent; $80,000 in total deposits, loans equal to $60,000, and has $20,000 in actual reserves. First Central can make additional loans totaling
A) $8,000. B) $12,000. C) $20,000. D) $60,000. E) $80,000.
Which of the following statements is always true when inflation occurs?
a. The international competitive position of the country is negatively affected. b. The domestic money loses purchasing power. c. None of the above is true. d. All of the above are always true. e. Lenders benefit and borrowers suffer.
If the marginal cost of the 5,000th unit is $0.06 and the average total cost of the 5,000th unit is $0.10:
A. total cost is falling. B. average variable cost is falling. C. average total cost is falling. D. average fixed cost is rising.
First movers
A) are usually firms with large market share. B) are the first to bring out a new product. C) usually copy successful products. D) are mainly found in the computer industry. E) have memorable trade names.