Category: Economics

One thing that distinguishes the short run and the long run is
the existence of marginal costs.
the number of months considered.
explicit costs.
the existence of at least one fixed input.

A central bank that wants to decrease interest rates will:sell bonds in open market operations.buy honds in open market operations.raise the discount rate.reverse quantitative easing:

The refers to the level of output at which most plant-level scale economies are exhausted.
Multiple Choicevalue-to-weight ratiopurchasing power paityminimum efficient scalevolatify rate

Consider the following (inverse) demand and supply curves:
P = 300 – QD
P = QS
Consider the first (highest value) consumer. Approximately how much does she pay for the first unit?

__________ works well when the efforts of the “players” are hard tomonitor and reward directly Question 36
options:
a) First-Come , First- Served
b) Command
c) Contest
d) Sharing Equally

Question 1Which of the following involves changing the government’s revenues or expenditures to change the growth rate of the economy?
Monetary policy
Regulation
Deregulation
Fiscal policy