Productivity is a measure of
A. Output per unit of input.
B. Input per dollar of output.
C. Input per unit of output.
D. Output per dollar of input.
Answer: A
Economics
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a. faces a downward-sloping demand curve. b. has a marginal revenue curve which lies below its demand curve. c. maximizes profit where MR = MC. d. All of the above are correct.
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One of the principal ways in which Congress intended the Fed to provide insurance against financial panics was to act as a "lender of first resort."
a. True b. False Indicate whether the statement is true or false
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