An industry where the capital-labor ratio is relatively high is characterized as
A. capital intensive.
B. labor intensive.
C. income intensive.
D. market intensive.
A. capital intensive.
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The sequence of events following an increase in the federal deficit would be higher interest rates, a(n)
A. depreciating dollar, and a larger current account deficit. B. depreciating dollar, and a smaller current account deficit. C. appreciating dollar, and a larger current account deficit. D. appreciating dollar, and a smaller current account deficit.
Since the Federal Reserve was established in 1913, the U.S. has experienced three periods of high inflation and each was preceded and accompanied by a period of sharp decline in the money supply
a. True b. False Indicate whether the statement is true or false
If an additional worker costs you $15 per hour and can add 10 units per hour of output to the firm, you should hire that person as long as
A. demand for your product is increasing and you sell in a competitive market. B. the product price is at least $1.50. C. the value of marginal product is between $10 and $14. D. the marginal product of the worker is greater than the value of the marginal product.
A movement from point C to point E in Figure 17.5 illustrates
A. An increase in the unemployment rate. B. The short-run opportunity cost of achieving long-run economic growth. C. An increase in the capacity to produce. D. A decrease in the capacity to produce.