An increase in interest rates decreases the marginal revenue product of investment.
Answer the following statement true (T) or false (F)
True
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In order to get his bachelor's degree, Timothy gave up an offer for a full time job as a bartender. Therefore, Timothy incurred an opportunity cost
Indicate whether the statement is true or false
A production possibilities curve that is a straight line represents the case of
A) constant costs. B) increasing costs. C) decreasing costs. D) constant opportunity costs but increasing real costs. E) constant opportunity costs but decreasing real costs.
Why is the short-run demand curve for labor downward sloping?
What will be an ideal response?
When the government increases its borrowing in the loanable funds market, the likely result is ________ loanable funds traded at a ________ interest rate.
A. fewer; higher. B. more; higher. C. more; lower. D. fewer; lower.