When a large amount of output is produced per unit of the input, the input is said to exhibit
A. high productivity.
B. derived productivity.
C. low productivity.
D. marginal productivity.
Answer: A
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When investors reduce their investment spending, it is a sign that they are ________ about the economy
A) taking risks B) ill-advised C) optimistic D) pessimistic
Liberalism is the political philosophy espoused by
a. Robert Nozick. b. John Stuart Mill. c. John Rawls. d. Jeremy Bentham.
The reserve ratio is 20 percent. The Fed buys? $1 million in government securities from a bond dealer by transmitting the funds to the? dealer's deposit account at Bank A. Bank A makes the maximum loan possible to a construction? company, which buys materials with the loan. The check is deposited in Bank? B, which loans out all it can to a car dealership. To this? point, the money supply has increased by
A) $1 million B) $1.8 million C) $2.44 million D) $3 million.
How did the collapse of the housing bubble cause a contraction in output?
A. Because banks were unwilling to lend, many businesses were suddenly unable to access credit for their day-to-day needs. B. Because consumers lost confidence in the banking industry, they stopped depositing money, so banks could no longer lend. C. When banks wanted to make loans, but couldn't find any credit-worthy customers to loan to. D. When homeowners lost value in their homes, they stopped saving, which reduced banks' ability to lend.