Which of the following countries had the highest per capita energy consumption in 2009?
A. Brazil
B. China
C. Japan
D. United States
D. United States
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In Figure 11.3, if the MPS is 0.25 and the distance between points C0 and C1 is 200, then the distance between points y0 and y1 must be
A) 50. B) 200. C) 400. D) 800.
If two goods were to become even stronger substitutes than before, an economist would expect the cross elasticity to become:
a. positive. b. one. c. zero. d. smaller. e. larger.
Households make their savings available to borrowers through
a. resource markets b. the loanable funds market c. the labor market d. the taxes e. spending
A company succumbs to a wage increase demand without any changes in the productivity of labor, price of the product, and the total output sold. Which of the following would happen?
a. Total revenue of the company will fall. b. Investment by the company will increase. c. Profit per unit of the product will fall. d. Average profit per unit will increase.