Which of the following is true about optimal search?
a. Optimal search occurs where the marginal benefit of search just equals the marginal cost of search, where the two curves intersect.
b. Optimal search occurs when the total benefit of search exceeds the total cost of search.
c. Optimal search occurs where the marginal benefit of search is equal to zero.
d. Optimal search occurs when the marginal cost of search exceeds the marginal benefit of search.
a
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The loanable funds market is also referred to as the:
A) spot market. B) credit market. C) exchange market. D) capital market.
Since NAFTA was signed, Mexico saw the productivity of its firms:
a. decrease in the nonmaquiladora plants. b. decrease in the maquiladora plants. c. increase in the maquiladora plants at a faster pace than in the nonmaquiladora plants. d. increase in the maquiladora plants at a slower pace than in the nonmaquiladora plants.