Suppose a family's consumption exceeds its disposable income. This means that its:
A. MPC is greater than 1.
B. MPS is negative.
C. APC is greater than 1.
D. APS is positive.
C. APC is greater than 1.
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A monopsonist is currently employing 50 workers at $10 an hour. It wants to hire an additional worker, but will have to pay the worker $10.10. The marginal factor cost is
A) ten cents. B) $10.00. C) $10.10. D) $15.10.
Short-run supply determinants include
A. Number of buyers. B. Consumer preferences. C. Technology. D. Income.
The recession of 1937-38 could be blamed on
A. both the Roosevelt Administration and the Federal Reserve Board. B. neither the Roosevelt Administration nor the Federal Reserve Board. C. the Roosevelt Administration, but not the Federal Reserve Board. D. the Federal Reserve Board, but not the Roosevelt Administration.
Refer to the given data. Zabella has a balance of trade (goods):
A. deficit of $10 billion.
B. surplus of $5 billion.
C. surplus of $10 billion.
D. deficit of $5 billion.