An upward shift in marginal cost _____ output and an upward shift in marginal revenue ______ output?
A. reduces; reduces
B. reduces; increases
C. increases; increases
D. increases; reduces
A. reduces; reduces
B. reduces; increases
C. increases; increases
D. increases; reduces
A. current period
B. base-period
C. forecasting
D. future year
A. A reduction in unemployment benefits will reduce the unemployment benefits will reduce the unemployment rate.
B. The rate of inflation should be reduced because it robs the elderly of their savings.
C. The unemployment rate should be reduced because unemployment robs individuals of their dignity.
D. The state should increase subsidies to universities because the future of our country depends on education.
A. 1.5 million tones
B. 1.6 million tones
C. 1.7 million tones
D. 1.9 million tones
A. there is a shortage and the price will fall
B. the quantity demanded is equal to the quantity supplied supplied and the price remains unchanged
C. there is surplus and the price will rise
D. there is a shortage and the price will rise
E. there is a surplus and the price will fall
A. Tin
B. Silver
C. Aluminum
D. Gold
A. +2
B. +0.5
C. -2
D. -0.5