The simple circular flow model shows that workers, entrepreneurs, and the owners of land and capital offer their services through:
A. employment agencies.
B. product markets.
C. business firms.
D. resource markets.
Answer: D
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Recent housing reforms in Cuba should give homeowners ________ incentives to repair their homes and therefore ________ construction of new homes
A) more; decrease B) fewer; increase C) fewer; decrease D) more; increase
Limits on the value of the assets that commercial banks can acquire relative to their capital is known as:
A) equity requirements B) capital requirements C) required reserves D) asset requirements
The marginal propensity to consume (MPC) is the slope of the:
a. GDP curve. b. disposable income curve. c. consumption function. d. autonomous consumption curve.
Number of FigsVCMCAVCFCTCATC0???100??19090????2?????1353??80???4????400?
Table 5.4 presents the cost schedule for David's Figs. If David produces two figs, David's marginal costs are:
A. $80. B. $90. C. $100. D. $170.