As opposed to earlier crises, in the economic crisis of 2008-2009, the initial inability to pay came from
a. lending institutions.
b. firms and individuals.
c. states.
d. the U.S. federal government.
b. firms and individuals
Economics
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After trade opens, the short run impact on the income of the variable factor will be
A) a decrease. B) an increase. C) zero. D) indeterminate, depending on the consumption pattern of the owners of the variable factor. E) indeterminate, depending on the productivity of the variable factor.
Economics
The firm's demand for labor curve is its
A) average product of labor curve. B) marginal product of labor curve. C) marginal revenue product of labor curve. D) average revenue product of labor curve.
Economics