If factors of production cannot flow between countries
A) there is no reason to expect that wages should be equal worldwide.
B) multinational corporations would not exist.
C) trade in goods could still occur.
D) All of the above.
D
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The decreasing slope of a production function reflects
A) diminishing returns. B) rising unemployment. C) decreasing costs. D) increasing aggregate demand.
Based on the table showing a summary of fiscal tools, if the government increases taxes, it is most likely trying to ______.
a. fight inflation
b. utilize expansionary policy
c. boost aggregate demand
d. fight unemployment
Which of the following lists would an economist consider to be land?
a) factories, office buildings, assembly lines, workers b) farm fields, tractors, pesticides, fertilizers c) dams, bridges, rock quarries, oil wells d) iron ore, natural gas, fertile soil, water
If an increase in disposable income causes consumption to increase from $4,000 to $10,000 and causes saving to increase from $2,000 to $4,000, it can be inferred that the MPC equals
A. 0.5. B. 0.75. C. 0.4. D. 0.6.