Related InterviewSolutions

• A ___________ deficit is financed by net capital flows from the rest of the world, thus by a capital account surplus.1). Current Account2). Savings Account3). Capital Account4). Asset Account
• _________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.1). Law of diminishing marginal product2). Law of variable proportions3). The Short Run4). The Long Run
• In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by ________ signals.1). Supply2). Demand3). Price4). Stock Market
• __________ is defined as the output per unit of variable input1). Marginal product2). Production function3). Total product4). Average product