Admission to the Euro required in 1997 that a country's government debt not exceed ________ percent of GDP
A) seven
B) fifteen
C) twenty-five
D) sixty
D
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One of the essential functions that a bank performs is
A) transferring money from savers to lenders. B) owning assets like real estate. C) purchasing government bonds. D) creating deposits by lending required reserves.
Of the following examples, expenditures on ______ will most likely increase dramatically when the GDP rises.
a. HDTVs b. pants c. cough drops d. milk
Refer to the above production possibilities curves. Curve (a) is the current curve for the economy. Given production possibilities curve (a), point N suggests that the economy is:
A. using its available resources inefficiently. B. attaining full employment but not full production. C. attaining both full employment and full production. D. attaining full production but not full employment.
If the wage rate decreases from $17 to $13, by how much will the firm expand employment?
A firm operating in a purely competitive labor market has the following marginal revenue product schedule.
A. 5 workers
B. 4 workers
C. 3 workers
D. 2 workers