The O-ring theory places emphasis on
a. education of the labor force.
b. skill complementarities.
c. purchases of machinery and equipment by firms.
d. none of the above.
B
Economics
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If the exchange rate changes from 1.10 euros per dollar to 1.00 euro per dollar, the dollar has
A) depreciated against the euro. B) appreciated against the euro. C) fallen inversely in value. D) appreciated against the dollar. E) depreciated against the dollar.
Economics
The law of diminishing returns makes it clear that as more a variable input is employed, in the ________ the marginal product of the variable input eventually will ________
A) short run; rise B) long run; rise C) short run; fall D) long run; fall
Economics