The cost of using an additional unit of an input is called the
A) marginal revenue product.
B) marginal physical product cost.
C) marginal factor cost.
D) marginal product of labor.
Answer: C
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An Italian company exchanges euros for dollars from U.S. residents and then uses the dollars to buy U.S. products to sell in its stores in Rome. U.S. residents who exchanged their dollars for euros use the euros to buy bonds issued by French corporations. At this point
a. both U.S. net exports and U.S. net capital outflows have risen. b. both U.S. net exports and U.S. net capital outflow have fallen. c. U.S. net exports have risen and U.S. net capital outflow have fallen. d. U.S. net exports have fallen and U.S. net capital outflow have risen.
The tools of monetary policy are
A. government spending, tax rates, and the required reserve ratio. B. open market operations, government spending, and the required reserve ratio. C. open market operations, differential between the discount rate and the federal funds rate, and the required reserve ratio. D. open market operations, differential between the discount rate and the federal funds rate, and tax rates.