Value added is equal to the value of a firm's production minus
A) all of its costs of production.
B) labor costs.
C) investment expenditures.
D) intermediate goods used in production.
D
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A rise in the value of a currency in relation to another currency in the international market is called:
a. appreciation. b. depreciation. c. devaluation. d. conservation. e. redenomination.
Monetary policy operations for central banks are run through changes in the liability category of:
A. currency. B. government's accounts. C. gold. D. reserves.
When a recessionary gap occurs
a. real output exceeds the natural level of output, and unemployment exceeds its natural rate b. real output exceeds the natural level, and unemployment is less than its natural rate c. real output is less than the natural level of output, and unemployment exceeds it natural rate d. real output is less than the natural level of output, and unemployment is less than its natural rate
_______________ have been unable to organize a union in any of the foreign-owned factories owned by Honda, Toyota, and Nissan.
A. The United Autoworkers B. The National Education Association C. The International Brotherhood of Teamsters D. The Service Employees International Union