The above (incomplete) table provides information about the relationships between labor and various product measures. The amount of labor that maximizes the marginal product of labor is
A) 2 units of labor.
B) 3 units of labor.
C) 4 units of labor.
D) 5 units of labor.
A
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Given 'M' represents money supply, 'V' represents velocity of money, 'P' represents the price level, and 'Q' represents the total domestic output. Which of the following correctly describes the equation of exchange?
a. MV = P + Q b. MV = P - Q c. MV = P ??Q d. MV = P/Q
Saving is a(n) ________ and wealth is a(n) ________.
A. asset; liability B. stock; flow C. flow; stock D. liability; asset
Why do government debt managers often use interest-rate swaps?
What will be an ideal response?
The difference between imports and exports of merchandise goods and services is reported
A. nowhere in the Balance of Payments accounting system. B. as the sum of the current account and the capital account. C. in the current account. D. in the capital account.