For many developing countries, natural resources or agricultural commodities make up a ________ share of exports

Refer to Figure 11-2. The average product of labor declines after L2 because

A) the marginal product of labor is below the average product of labor. B) the marginal product of labor is negative. C) the marginal product of labor is falling. D) the marginal product of labor is positive.

Irving Fisher's view that velocity is fairly constant in the short run transforms the equation of exchange into the

A) Friedman's theory of income determination. B) quantity theory of money. C) Keynesian theory of income determination. D) monetary theory of income determination.