If a firm has a capital stock of $50,000 and employs 200 workers, its capital-labor ratio is
a. $1/250
b. 4 percent
c. 250 percent
d. $10,000,000
e. $250
E
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Under the current managed float exchange rate regime, countries with balance of payments deficits frequently do not want to see their currencies depreciate because it makes ________ goods more expensive for ________ consumers and can stimulate
inflation. A) foreign; foreign B) foreign; domestic C) domestic; foreign D) domestic; domestic
Two variables that are inversely related tend to move in opposite directions
a. True b. False Indicate whether the statement is true or false
Serena Williams should pay someone else to mow her lawn instead of mowing it herself, unless
a. Serena has an absolute advantage over everyone else in mowing her lawn. b. Serena has a comparative advantage over everyone else in mowing her lawn. c. Serena's opportunity cost of mowing her lawn is higher than it is for everyone else. d. All of the above are correct.
"If Congress cuts income taxes, demand for output is likely to increase" is a ________ statement about ________ policy.
A. positive; fiscal B. positive; monetary C. normative; monetary D. normative; fiscal