If marginal revenue is $10 and marginal costs is $8, the firm should increase its output.
Answer the following statement true (T) or false (F)
True
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The largest major change in the U.S. labor force participation rate during the last few decades has been
A) the increase in the number of illegal immigrants in the United States. B) the decrease in the number of working women. C) the number of prisoners dropping out of the labor force. D) the increase in the number of working women.
A perfectly competitive firm's marginal revenue
a. curve is a vertical line b. equals price c. rises at a constant rate d. rises at an increasing rate e. falls at a constant rate
When a government intervenes to achieve a surplus in the nation's balance of trade, this action is consistent with the main tenet of ______
Fill in the blank(s) with the appropriate word(s).
Which of the following is a component of aggregate demand?
A. Income B. Taxes C. Consumption D. Transfer payments