A firm's average costs will be falling whenever its:
a. marginal costs are positive.
b. marginal costs are negative.
c. marginal costs are less than average costs.
d. marginal costs are less than fixed costs.
Ans: c. marginal costs are less than average costs.
Economics
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Trish grows oregano in her backyard to use in her homemade pesto sauce. How is this gardening included in GDP?
a. It is included in real GDP. b. It is included in nominal GDP. c. It is not included in GDP. d. It is included as an intermediate good.
Economics
Other things the same, a decrease in the real interest rate
a. increases the quantity of loanable funds demanded. b. shifts the demand for loanable funds curve to the right. c. decreases the quantity of loanable funds demanded. d. shifts the demand for loanable funds curve to the left.
Economics