Marginal utility is negative when total utility is increasing
a. True
b. False
Indicate whether the statement is true or false
False
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A firm's labor demand curve is derived from the demand for the goods and services it produces
a. True b. False
Gross domestic product refers to the: a. market value of all final goods and services produced in an economy during a year
b. market value of all goods and services produced by resources located outside the country. c. market value of all intermediate goods and services produced by resources located within the country. d. market value of all used goods exchanged within the country.
The exchange rate is:
A. the rate at which banks can borrow from the Fed. B. the slope of the investment function. C. the price at which one currency trades for another currency. D. the rate at which one can translate money into consumption goods.
Which of these nations has the highest rate of union membership (as a share of total employment)?
A) India B) the United States C) Japan D) Sweden