By making exchange ________, money allows for ________ and higher ________
A) harder; specialization; costs B) easier; specialization; productivity
C) easier; specialization; costs D) harder; generalization; productivity
B
You might also like to view...
An increase in input productivity will ________.
A. reduce aggregate demand B. reduce the equilibrium price level, assuming downward flexible prices. C. shift the aggregate supply curve leftward D. reduce the equilibrium real output
Refer to the figure above. What is the total surplus before Lithasia opens up to free trade?
A) $10 B) $20 C) $30 D) $40
Arthur Bach is worth $780 million dollars. He goes into an upscale men's store and buys 32 green sweaters, each costing $200 . If Arthur has maximized his utility from this purchase, what is the marginal utility of the thirty-third green sweater?
a. cannot tell b. greater than $200 c. less than $200 d. 0 e. $200
Which of the following is a normative statement?
a. The unemployment rate has decreased. b. Governments should hire anyone who cannot get a job. c. Governments in most developed countries provide unemployment benefits. d. The majority of union members work for the government.