Refer to the table shown. At what level of employment is the marginal product of labor 7?Number of workersTotal output142103184285356417458489501049
A. 4
B. 2
C. 7
D. 5
Answer: D
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Which of the following is the best example of a disruptive market change related to international trade?
a. a domestic manufacturer opens a new state-of-the-art facility in the home country b. an international manufacturer opens a new state-of-the-art facility in the home country c. an international manufacturer develops a completely robotic manufacturing process d. a domestic manufacturer replaces one international supplier with another international supplier
Suppose that the Fed decides to increase the growth rate of the money supply in the United States. What is most likely to happen to the U.S. trade deficit and to GDP?
a. The trade deficit will fall; GDP will fall. b. The trade deficit will rise; GDP will rise. c. The trade deficit will fall; GDP will rise. d. The trade deficit will rise; GDP will fall.
In the equation of exchange, the money supply multiplied by velocity equals
A) GDP. B) the price level. C) the quantity of goods produced. D) the average number of times that a dollar is used to purchase a final good or service.
Microeconomics
What will be an ideal response?