Author Question: The recession that set in after December 2007 can be attributed to: a. an increase in expenditure ... (Read 75 times)

Pineappleeh · **on:** Jun 30, 2018

The recession that set in after December 2007 can be attributed to:
a. an increase in expenditure on war.
b. a decline in home prices and an increase in foreclosures.
c. an increase in terrorist activities.
d. crop failures around the world.
e. an increase in oil prices in the international market.

Question 2

The increase in a firm's total revenues resulting from hiring an additional unit of labor is known as the marginal:
a. product.
b. revenue product.
c. cost.
d. none of these.