If the slope of the rays from the origin to the total variable cost curve declines along the curve, it implies:
a. the average variable cost is falling.
b. the marginal cost is falling.
c. the average variable cost is rising.
d. the marginal cost is rising.
A
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Economists estimate that ________ of U.S. currency is outside the United States and held primarily by ________
A) over half; households and firms in countries where there is little confidence in the local currency B) over half; foreign banks and foreign governments C) less than one quarter; households and firms in countries where there is little confidence in the local currency D) less than one quarter; foreign banks and foreign governments
Policies that make it more difficult to fire an employee are likely to:
A. lead to greater unemployment. B. lead to less unemployment. C. have no impact on unemployment. D. affect frictionally unemployed workers more than other unemployed workers.