A production method that relies on large quantities of machines and equipment and smaller quantities of labor is referred to as a:
A) variable-input-intensive method of production.
B) labor-intensive method of production.
C) technology-intensive method of production
D) capital-intensive method of production.
D
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A crawling peg refers to:
a. a large and sudden currency depreciation. b. a fixed exchange rate regime in which the currency is adjusted very frequently to reflect market conditions. c. a managed or dirty float, depending on the business cycle. d. a drag on exchange rate adjustment caused by imperfect markets
If a firm has an incentive to increase supply now and decrease supply in the future, then the firm expects that the
A) demand for the product will be lower in the future than it is today. B) price of its product will be higher in the future than it is today. C) price of its product will be lower in the future than it is today. D) price of inputs will be lower in the future than they are today.