A crawling peg is an exchange rate arrangement in which the rate is adjusted in small amounts at fixed, preannounced rates
Indicate whether the statement is true or false
TRUE
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What is marginal utility and what is the law of diminishing marginal utility?
What will be an ideal response?
Labor productivity measures
a. input per machine per hour b. input per laborer per hour c. output per machine per hour d. output per laborer per hour e. output per unit of land per hour
Which of the following groups of U.S. residents would likely qualify for SSI benefits?
A. incarcerated murderers B. college students C. new federal retirees D. the disabled
Carlos can buy either sushi or eggrolls. If the prices of sushi and eggrolls triple and so does Carlos's money income, we can deduce that Carlos's budget constraint will
A. swivel in so that the slope of the budget constraint is tripled. B. shift out but remain parallel to the old one. C. shift in but remain parallel to the old one. D. remain unchanged.