Investment affects output, but output does not affect investment.
Answer the following statement true (T) or false (F)
False
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Larry Lawnlover is trying to decide whether it would be more efficient to trim his lawn with a hand-operated clipper or to buy and use an electrically operated weed-trimmer
Which of the items below will help determine the more efficient choice for Larry? A) Larry's dislike for the noise created by power tools B) Larry's fear of being injured while using power tools C) The sensitive skin on Larry's hand, which causes him to develop, blisters easily D) All of the above. E) None of the above.
The table above shows the short-run product schedule for Virginia's Tee-Shirts. The worker for whom the law of diminishing returns initially occurs is the ________ worker
A) 5th B) 4th C) 3rd D) 2nd
In the short run, if a firm is suffering a loss, it should
a. always shut down to prevent further losses. b. continue to operate as long as it can recover variable cost. c. continue to operate as long as it can recover fixed cost. d. continue to operate if marginal cost is below average total cost.
The regional Federal Reserve bank presidents are:
A. selected by the Federal Reserve Board of Directors. B. allowed to serve no more than two consecutive four-year terms. C. are responsible for overseeing the day-to-day actions of the regional banks. D. responsible for ensuring that money supply can adequately meet the demand for money.