The marginal rate of technical substitution is equal to:
A) the absolute value of the slope of an isoquant.
B) the ratio of the marginal products of the inputs.
C) the ratio of the prices of the inputs.
D) all of the above
E) A and B only
E
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Using a broader measure of the unemployment rate where discouraged workers and part-time workers who wished to work full time were counted as unemployed, the BLS estimates the unemployment rate in August 2015 would have ________ compared to the
measured unemployment rate. A) barely changed B) decreased by less than 1 percentage point C) more than doubled D) increased by more than 7 percentage points
One of the most notable features of the main provisions of the Sherman Act is that they are:
A. strict. B. weak. C. vague. D. obsolete.
Among the following people, who earns a profit?
a. a construction worker who would work for $40 per hour but actually earns $50 per hour b. a heart surgeon who earns $400,000 a year c. an entrepreneur who earns $25,000 a year d. a land owner who receives $600 per acre for the 1,000 acres he owns e. a homemaker whose work is valued at $100,00 a year even though she earns $0
Which of the following will shift the aggregate demand curve outward?
a. tax cuts and government spending cuts b. tax increases and government spending increases c. tax cuts and government spending increases d. tax increases and government spending increases