If a nation's real risk-free interest rate fell relative to foreign nations, it would cause the value of the domestic currency to _______ and net exports to ________ (fill in the missing blanks)
a. Fall; rise
b. Fall, rise
c. Remain unchanged; rise
d. Rise; fall
e. Remain unchanged; fall
.B
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In Econland autonomous consumption equals 200, the marginal propensity to consume equals 0.9, net taxes are fixed at 100, investment is fixed at 200, government purchases are fixed at 300, and net exports are fixed at 50. Short-run equilibrium output in this economy equals:
A. 6600 B. 850 C. 7500 D. 5000
The national debt is the total amount the ________ government has ________ to make expenditures that exceed tax revenue
A) state and local; borrowed B) federal; taxed U.S. citizens C) state and local; taxed U.S. citizens D) federal; borrowed E) federal; loaned
For a seller who is a price taker, marginal revenue is always
A) less than marginal cost. B) more than marginal cost. C) the same as marginal cost. D) less than price. E) the same as price.
The firm's gain in profit from hiring another worker is
A) the marginal revenue product of the extra worker. B) the extra output of the extra worker. C) the reduction in costs from hiring another worker. D) the difference between marginal revenue product and the wage of the worker.