Providing a fixed number of workers with additional capital will ________ average labor productivity at a ________ rate.
A. increase; increasing
B. decrease; decreasing
C. increase; constant
D. increase; decreasing
Answer: D
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What is NOT an interest bearing asset of commercial banks?
A. required reserves.
B. securities.
C. loans.
D. All of the above
Which of the following situations is used as a justification for government?
A. negative externalities B. removal from the prisoner's dilemma C. nonexcludable goods D. positive externalities E. all of the above
When a nation begins to export a good,
a. the domestic price of that good falls b. less of that good is produced domestically c. the domestic producers are made better off d. the domestic consumers are made better off e. both domestic and foreign consumers will purchase more of it
Which of the following statements is TRUE about the relationship among external, internal and social costs?
A. Social cost is the difference between internal and external costs. B. External cost is the difference between social and internal costs. C. Internal cost is the sum of social and external costs. D. none of these