If a country’s GDP DECREASES, but its debt INCREASES during that year, then the country’s debt to GDP ratio for the year will _______________ in proportion to the magnitude of the changes.
A. decrease because GDP decreased
B. decrease
C. increase or decrease
D. increase
Ans: D. increase
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Why does multinational corporation investment not necessarily offer the advantage of domestic employment expansion?
What will be an ideal response?
A system in which the value of currency issued by the government is based entirely on public faith that the currency will be acceptable in trade is
A) a fiduciary system. B) a private property system. C) a Gresham system. D) a socialistic system.
Refer to the above table. Suppose the marginal revenue product of the 5th worker is $800. This implies that
A) the price of the good is $5.33. B) the price of the good is $8. C) the price of the good is $70. D) we cannot tell what the price of the good is without more information.
Firms would like to know the price elasticity of demand for their products because it helps determine the effect of price changes on the firms':
a. property taxes. b. competitors' profits. c. quantity supplied. d. revenues. e. total costs.