Productivity, or output per labor hour, rises as transportation costs fall
Indicate whether the statement is true or false
True
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Which one of the following countries was the "spark" that ignited the 2009 euro crisis?
A) China B) Greece C) England D) Spain E) Germany
The United Nations set a "Millennium Goal" to cut the incidence of global poverty in half between 2000 and 2015
Indicate whether the statement is true or false
The change in national income that is generated by a change in aggregate expenditure is called
a. autonomous consumption b. marginal propensity to consume c. equilibrium multiplier d. aggregate expenditure multiplier e. income multiplier
A firm will shut down in the short run when
A. it is making a loss. B. price is below average total costs at all possible rates of output. C. price is below average variable costs at all possible rates of output. D. price is below marginal cost at all possible rates of output.