________ are financial securities that represent promises to repay a fixed amount of funds
A) Bonds B) Stocks C) Interest rates D) Mutual funds
A
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If a war interrupted oil production, which of the following would most likely happen in the short run?
a. Unit costs would decrease and there would be an upward movement along the aggregate supply curve. b. Unit costs would increase and the aggregate supply curve would shift upward. c. Unit costs would increase and the aggregate supply curve would shift downward. d. Unit costs would decrease and the aggregate supply curve would shift upward. e. Unit costs would increase and there would be movement along the aggregate supply curve.
Refer to the table at right. If the price of the product is $1.50, and the marginal factor cost of an additional unit of an input is $135, how many units of labor should be hired?
A. 14 B. 11 C. 12 D. 13
Governments choose to use voluntary export restraints (VERs) rather than tariffs because
A. voluntary export restraints do not generate any welfare loss in the importing country. B. tariffs more obviously violate the international rules of the World Trade Organization (WTO). C. the increase in the price of the imported good in the domestic market is lower in the case of a VER than a tariff. D. voluntary export restraints have the potential to generate higher revenue.
Cost pressures are most intense
A. At low rates of output. B. As the economy approaches capacity. C. When unemployment falls. D. None of the choices are correct.