Marginal revenue product is measured in dollars per unit of output
a. True
b. False
B
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Resources that ________ protected by well-defined property rights are in ________ of being depleted
A) are; great danger B) are; absolutely no danger C) are not; the greatest danger D) are not; little danger
Which of the following statements is true
a. a market equilibrium price is where quantity demanded equals quantity supplied b. a market equilibrium price is where the demand is higher than the supply c. a market equilibrium price is where the supply is higher than the demand d. none of the above
If a country has a trade deficit, it:
A. Imports more than it exports. B. Does not export any goods. C. Is more dependent on trade than other countries. D. Sells more goods to foreigners than it buys from them.
If individuals do not hold currency, we know that
A) M = D. B) H = R. C) the money multiplier is 1/?. D) all of the above