Which of the following is not included in Nation A's financial account?
a. Foreign deposits of funds in savings accounts in Nation A.
b. Foreign companies' profits on their operations in Nation A.
c. Foreign purchases of Nation A's Treasury bills.
d. All the above.
.B
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According to the classical system, saving is a function of
a. income. b. the real interest rate. c. the real wage. d. the profitability of firms. e. all of the above.
The marginal revenue product represents
A) the marginal physical product of labor divided by the price of the good produced. B) the worker's contribution to the firm's total revenues. C) the worker's contribution to the firm's output. D) the value of each additional unit of output.
A rational consumer maximizes utility by allocating time such that the expected net marginal utility of the last hour spent in leisure exceeds the expected net marginal utility of the last hour spent in market work
Indicate whether the statement is true or false
You are thinking about traveling to visit friends in Portland. You can fly or take the bus. A ROUND-TRIP plane ticket costs $300, and it takes three hours to get from your house to your friend's house if you fly. A ROUND-TRIP bus ticket costs $150 and it takes 10 hours to get door-to-door using the bus.What is the minimum value of your time necessary to induce you to buy the plane ticket instead of taking the bus?
What will be an ideal response?