Indirectly, overvalued exchange rates in Latin America caused
A) a capital shortage in agriculture.
B) a capital shortage in industry.
C) a capital abundance in agriculture.
D) a growth in incomes in rural areas.
E) an increase in competitive pressures faced by industry.
A
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The actual or chronological time for the short and the long run does not vary from industry to industry
a. True b. False Indicate whether the statement is true or false
If a person wishes to maximize their satisfaction from the consumption of a free product, they should consume until
A. marginal utility is maximized. B. marginal utility is equal to total utility. C. total utility is equal to zero. D. marginal utility is equal to zero.
For a monopoly, the socially efficient level of output occurs where
a. marginal revenue equals marginal cost. b. average revenue equals marginal cost. c. marginal revenue equals average total cost. d. average revenue equals average total cost.
The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($940); personal consumption expenditures ($4,920); imports ($170); exports ($133); gross private domestic investment ($640). What is GDP in this economy?
a. $6,633 billion b. $6,463 billion c. $6,500 billion d. $6,537 billion