Along the per worker production function, as the capital-labor ratio ________, increases in output per worker become progressively ________
A) increases; larger
B) increases; smaller
C) decreases; larger
D) decreases; smaller
B
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The figure above shows the market for pants. If the efficient quantity is produced,
A) there will be no consumer surplus. B) the sum of consumer and producer surplus will be maximized. C) a small deadweight loss will result. D) the sum of consumer and producer surplus will be minimized. E) the consumer surplus on all the pants must equal the producer surplus on all the pants.
The velocity of circulation of money is the ratio of the real gross domestic product to the money supply
a. True b. False Indicate whether the statement is true or false
Part of the tremendous growth in China can be attributed to
a. loans received from the international financial bodies like World Bank, ADB. b. FDI inflows and its ability to save and invest nearly half of its GDP. c. financial aid received from foreign governments. d. development assistance inflows from developed countries.
Suppose that an increased risk of mortgage defaults lowers the expected profitability of banks. Then we would expect to see
a. the demand for bank stocks rise which would raise the prices of bank stocks. b. the demand for bank stocks rise which would reduce the prices of bank stocks. c. the demand for bank stocks fall which would raise the prices of bank stocks. d. the demand for bank stocks fall which would reduce the prices of bank stocks.