If your nominal wage rises more slowly than the price level, we can say your real wage has ________ and the purchasing power of a dollar has ________

As a firm increases the level of output that it produces, short-run average fixed cost

A) rises and then falls. B) remains constant since fixed costs are constant. C) decreases. D) decreases up to a particular level of output and then increases.

Net foreign factor income" in the national income accounts refers to the difference between:

A.  The income Americans gain from supplying resources abroad and the income that foreigners earn by supplying resources in the U.S. B.  The value of products sold by Americans to other nations and the value of products bought by Americans from other nations C.  The value of investments that Americans made abroad and the value of investments made by foreigners in the U.S. D.  The income earned by Americans in the U.S. minus the income earned by foreigners in the U.S.