The relationship between distance traveled in five hours and speed shown in the figure above is
A) positive.
B) negative.
C) inverse.
D) cross-sectional.
E) multilateral.
A
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How are market price, average revenue, and marginal revenue related for a perfectly competitive firm and why?
What will be an ideal response?
Answer the following statements true (T) or false (F)
1) Saving is low in many DVCs primarily because income is very equally distributed. 2) The differences in the per capita incomes of the IACs and the DVCs have diminished sharply since the Second World War because of U.S. aid programs. 3) If the real outputs per capita of a rich nation and a poor nation grow at the same percentage rate, the absolute income gap between the two nations will shrink. 4) Capital flight refers to the fact that many DVCs must use their export earnings to pay interest on their outstanding external debts.
In the Keynesian model, firms are best characterized as
A. price takers. B. irrational. C. monopolistically competitive. D. perfectly competitive.
Discouraged workers are counted as part of the labor force.
Answer the following statement true (T) or false (F)