Which of the following will increase economic freedom?
What will be an ideal response?
institutions and policies supportive of voluntary exchange
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When the marginal product of labor is a maximum, the average product of labor is ________
A) a maximum B) increasing C) decreasing D) equal to marginal product
Suppose Argyle Sachs has to choose between building a smaller sweater factory and a larger sweater factory
In the following graph, the relationship between costs and output for the smaller factory is represented by the curve ATC1, and the relationship between costs and output for the larger factory is represented by the curve ATC2. a. If Argyle expects to produce 3,600 sweaters per month, should he build a smaller factory or a larger factory? Briefly explain? b. If Argyle expects to produce 5,000 sweaters per month, should he build a smaller factory or a larger factory? Briefly explain. c. If the average cost of producing sweaters is lower in the larger factory when Argyle produces 6,500 sweaters per week, why isn't it also lower when Argyle produces 4,000 sweaters per week?
Of all financial intermediaries which holds the most assets?
A) pension funds B) commercial banks C) insurance companies D) hedge funds
If the marginal propensity to save (MPS) is 0.50, the value of the spending multiplier is:
a. 1. b. 2. c. 4. d. 9.