If inflation rises more quickly in the United States than in France, U.S. exports to France should rise.
Answer the following statement true (T) or false (F)
False
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Will scarce goods necessarily be rationed in some manner?
A) Not if people agree to share them equitably B) Not if there is enough for everyone to have what they need C) Not if their prices are free to rise D) Not if they are privately owned E) Yes
Which expression best represents the break-even level of investment when incorporating labor-augmenting technological change into the Solow growth model?
A) (d + n + g)k B) (d + n)k C) (d + n ) / (k + g) D) (d + n + k) / (gk)
Who among the following would not be considered officially unemployed?
a. Jones, who quit his job to look for a better job in another part of the country b. Jason, who got fired from his job when the government cut spending c. Bourne, who is looking for a job after being out of the labor force for five years d. Sophie, who retired early because she disliked her current job e. Annie, who dropped out of the labor force after a year of job search
If your firm is producing a good at a level where marginal revenue equals marginal cost, and price is less than average variable cost, then in the short run your firm should:
A. shut down and suffer a loss equal to your fixed costs. B. continue to produce, but increase output. C. continue to produce the same amount. D. continue to produce, but decrease output.