Economic variables that generally move in tandem with the overall phases of the business cycle are called:

A) leading indicators.
B) coincident indicators.
C) lagging indicators.
D) none of the above.

B

Economics

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Suppose the production of mp3 players can be represented by the following production function: q = L0.4K0.4. Which of the following statements is TRUE?

A) The production function has decreasing returns to scale. B) The production function has increasing returns to scale. C) The production function has constant returns to scale. D) Returns to scale vary with the level of output.

Economics

The expansion of information technology and the increasing complexity of the economy should make the wage premium

A. continue rising. B. continue falling. C. rise. D. fall.

Economics