Economists usually assume that ________ is a variable input in the ________ run.
A. capital; short and long
B. labor; short
C. capital; short
D. labor; short and long
Answer: D
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Refer to the table. The equilibrium dollar price of luta is:
Answer the question on the basis of the following table, which indicates the dollar price of luta, the currency used in the hypothetical economy of Luteland:
A. $10.
B. $8.
C. $6.
D. $2.
Which of the following is an example of a positive externality?
A) banning the sale of junk food on Sundays B) living next door to a dairy farm C) purchasing a pinball machine for your game room D) planting trees along a sidewalk which add beauty and create shade
The money multiplier yielded by the deposit-creation formula assumes that
A. banks hold no excess reserves. B. banks hold excess reserves. C. recipients of loans take some of the proceeds in cash. D. recipients of loans do not redeposit their funds in other banks.
Which of the following refers to laws or policies that require employers to reach out to a broader range of minority job candidates?
a. Affirmative action b. Reverse discrimination c. Multiculturalism d. Diversity training