If marginal output is rising it is possible to have
A. diminishing returns.
B. negative returns.
C. both diminishing returns and negative returns.
D. neither diminishing returns nor negative returns.
D. neither diminishing returns nor negative returns.
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Given the following information, calculate personal consumption expenditures
GDP $5,000 Gross Private Domestic Investment $1,500 Government Consumption Expenditures and Gross Investment $1,000 Net Exports -$500
Which of the following statements is true regarding the differences between economic and accounting costs?
A) Accounting costs include all implicit and explicit costs. B) Economic costs include implied costs only. C) Accountants consider only implicit costs when calculating costs. D) Accounting costs include only explicit costs.
Indicate whether each of the following is a positive or normative economic statement: I. The imposition of a price ceiling below equilibrium price will lead to a shortage of housing. II. The local government should control the rate of increase in rents so that low-income residents are not forced to move from the area
A currency bailout
A. Is considered to be a dangerous move by the International Monetary Fund. B. Is considered to be a dangerous move by the central banks of the strongest economies worldwide. C. Occurs when money is borrowed from an economy to increase the value of its currency. D. Can help avoid a situation in which a weakness in one currency undermines other currencies.