The current chairman of the Federal Reserve is
A. Janet Yellen.
B. Timothy Geithner.
C. Alan Greenspan.
D. Hank Paulson
Answer: A
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The marginal product of labor equals the value of marginal product of labor multiplied by the price of the output produced
Indicate whether the statement is true or false
Refer to above Table 2-2. What is the nominal GDP in year 2?
A) $18.60 B) $14.60 C) $18.00 D) 400 units
What are the commonly used arguments for the use of tariffs?
Granting a pharmaceutical company a patent for a new medicine will lead to (i) a product that is priced higher than it would be without the exclusive rights. (ii) incentives for pharmaceutical companies to invest in research and development. (iii) higher quantities of output than without the patent
a. (i) and (ii) only b. (ii) and (iii) only c. (i) and (iii) only d. (i), (ii), and (iii)