44. Which one of the following cost curves does not have a general
"U-shape"?
45. In the long run, if all input factors to a production process are
increased by 100%, but total output increases by only 75%, this
indicates
46. Which one of the following statements regarding periods of
analysis is correct?
47. According to the law of diminishing returns, which one of the
following is correct?
48. In a macroeconomic free-market flow model, which of the
following would be considered leakages?
49. Which of the following forms of economic activity is considered in
macroeconomics, but not in microeconomics?
50. In a macroeconomic free-market flow model, which one of the
following would not be considered an "injection?"
51. Which of the following issues is least likely to be relevant to the
study of macroeconomics?
52. The foreign sector plays a role in a macroeconomic free-market
flow model because of
53. Which of the following sectors is most likely to be relevant in both
microeconomic and macroeconomic models of free-market flows?
54. Potential GDP is a measure of an economy's ability to produce
goods and services. Which of the following is assumed in estimating
potential GDP?