Consumers should purchase a good up to the point where MU = P
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following would NOT be an asset on a bank's balance sheet?
A) loans outstanding B) bank building C) cash in the vault D) transactions deposits
Which of the following statements about recessions is true?
a. An old rule of thumb defining recession is two consecutive quarters of falling nominal GDP. b. Recessions occur at regular intervals and last standard amounts of time. c. There is no ironclad rule for the declaration of recessions. d. Recessions are associated with low unemployment and high income.
Competition between the United States and Mexico is
A) equivalent to the competition between two giant corporations. B) a struggle over which country will get the best jobs. C) unfair if wages in Mexico are lower than in the United States. D) not a meaningful way to analyze trade.
The unemployment rate in the United States is usually? ________ than the unemployment rates in most other? high-income countries, partly because the United States has? _________ requirements for the unemployed to receive government payments.
What will be an ideal response?