Which country experiencing hyperinflation in excess of 15 billion percent in 2008?
A) Argentina
B) Canada
C) Iceland
D) Zimbabwe
D
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When marginal product is rising
A. average fixed cost is rising. B. total product is falling. C. marginal cost is falling. D. marginal cost is rising.
Price discrimination is:
a. when firms charge different prices to different customers based on the different costs of serving them. b. when firms charge different prices to different customers based on their willingness to pay. c. an illegal practice. d. a practice that leads to the same outcome as would public ownership of a monopoly.
A rise in the federal funds rate _________ reserves and _________ the quantity of deposits and bank loans created.
Fill in the blank(s) with the appropriate word(s).
You can find the MRP by multiplying marginal physical product by price for
A. both the perfect competitor and the imperfect competitor. B. neither the perfect competitor nor the imperfect competitor. C. only the perfect competitor. D. only the imperfect competitor.