When someone deliberately tampers with a message, leaving out information, it is called
a. overload
b. omitting
c. y pattern
d. highlighting
Ans: b. omitting
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A profit-maximizing firm in a competitive market will continue to hire more workers when
A) the marginal factor cost exceeds the marginal revenue product of the additional workers. B) the marginal factor cost equals the marginal revenue product of the additional workers. C) the marginal factor cost is less than the marginal revenue product of the additional workers. D) the marginal factor cost is less than zero.
The nominal interest rate is eight percent and the consumer price index rises from 140 to 147 . What is the real interest rate?
________ cause foreign exchange to leave the country, and thus they are registered as a ________ in the balance of payments.
A. Exports; debit B. Exports; credit C. Imports; credit D. Imports; debit
The greater the tax wedge, the ________ the amount of employment and the ________ potential GDP
A) larger; smaller B) smaller; smaller C) smaller; larger D) larger; larger E) None of the above because the tax wedge does not affect employment or potential GDP.