When the real interest rate rises, there is
A) neither a shift of the consumption function nor a movement along the consumption function.
B) a downward shift of the consumption function.
C) a downward movement along the consumption function.
D) an upward shift of the consumption function.
E) an upward movement along the consumption function.
B
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Unemployment is measured primarily in urban areas because in rural areas farm work is usually an outlet for labor
a. True b. False
Skis and snowboards are close substitute goods. Fill in the blanks: A in the price of snowboards would tend to the demand for
What will be an ideal response?
In the short run, a profit-maximizing firm's decision to produce should be guided by whether
A) it makes a profit. B) its marginal profit is maximized. C) its total revenue exceeds its fixed cost. D) its total revenue covers its variable cost.
Which of the following has made the largest contribution to the growth of labour productivity in Canada?
A) improved resource allocation B) education and training of labour C)Economies of scale D)technological advance