Other things the same, if the U.S. price level rises, then
a. the supply of dollars in the market for foreign-currency exchange increases, and net exports fall.
b. the supply of dollars in the market for foreign-currency exchange increases, and net exports rise.
c. the supply of dollars in the market for foreign-currency exchange decreases, and net exports fall.
d. the supply of dollars in the market for foreign-currency exchange decreases, and net exports rise.
c
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Supply is elastic whenever the value of the elasticity of supply is positive and greater than 1
Indicate whether the statement is true or false
The marginal product of capital (MPK) can be calculated from the following ________
A) the capital share of income and the average output per unit of capital B) the capital share of income and average capital per worker C) output and capital D) the capital share of income and output E) none of the above
As disposable income decreases, saving decreases
a. True b. False Indicate whether the statement is true or false
Which of the following equations is used to determine per unit profit?
a. P* รท ATC b. P* x ATC c. P* + ATC d. P* ? ATC