Suppose that a college professor is creating an exam in her university office. Which of the following would be an example of a factor of production used by the professor? (i) the professor's time (ii) a computer software program into which the professor types the exam questions (iii) the physical space of the professors office where she works when creating the exam (iv) the interest on the
professor's home mortgage
a. (i) only
b. (i) and (ii) only
c. (i), (ii), and (iii) only
d. (i), (ii), (iii), and (iv)
c
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If capital gains equal zero, then the Ng family's wealth at the end of the year equals their wealth at the beginning of the year
A) plus consumption minus income. B) plus income. C) plus saving. D) minus personal income taxes. E) minus consumption.
Which of the following would lead the Fed to increase the money supply under an interest rate rule?
a. an unexplained decrease of money demand b. an increase in taxes c. a decrease in spending that caused the money demand curve to decrease d. an increase in spending that caused the money demand curve to increase e. a decrease in government spending
The sale of goods abroad at a price below their cost and below the price charged in the domestic market is called
A) priming. B) coping. C) invading. D) dumping.
Figure 10.1 shows a monopolist's demand curve. If the monopolist increases output from four to five units, what is its marginal revenue?
A. $16 B. $15 C. $3 D. -$1