Labor resources include
a. only physical exertion
b. only the resources used in the production of other resources
c. only skilled labor
d. both physical and mental exertion
e. the expenditure of people's effort in producing goods, but not services
D
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Which of the following is true?
A) The price charged by a monopolistically competitive firm is equal to the price charged by a perfectly competitive firm in the long run. B) The price charged by each firm in a monopolistically competitive market is equal in the long run. C) The profit earned by a firm in a monopolistically competitive market is equal to the profit earned by a firm in a perfectly competitive market in the long run. D) The profit earned by a firm in a monopolistically competitive market is equal to the profit earned by a monopolist in the long run.
A sudden expectation of future appreciation of the dollar causes funds to flow __________ the United States and the dollar to actually __________
A) out of; depreciate B) out of; appreciate C) into; depreciate D) into; appreciate
Which of the following could cause the supply curve of loanable funds to shift to the right?
a. increase in productivity b. increase in the rate of interest c. decrease in the rate of interest d. decrease in productivity e. expectation that future prices will decrease
Figure 10-6
In Figure 10-6, which graph best illustrates an autonomous increase in consumption spending?
a.
(1)
b.
(2)
c.
(3)
d.
(4)