The quantity of goods and services that can be produced by one worker or by one hour of work is known as
A) per-capita GDP.
B) labor productivity.
C) real domestic output.
D) the labor force participation rate.
B
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Quick Buck and Pushy Sales produce and sell identical products and face zero marginal and average cost. Below is the market demand curve for their product. 
Suppose Quick Buck and Pushy Sales decide to collude and work together as a monopolist with each firm producing half the quantity demanded by the market at the monopoly price. If Quick Buck cheats by reducing its price to $1 while Pushy Sales continues to comply with the collusive agreement, then Quick Buck's economic profit will be ________.
A. $3,000 B. $6,000 C. $4,000 D. $2,000
Another name for plurality voting is:
A. pair-wise majority voting. B. instant runoff voting. C. approval voting. D. first-past-the-post voting.
Many countries use a proportional-representation system, which means that:
A. everyone's preference gets represented proportionately with everyone else's. B. if a party gains a certain percentage of the popular vote, then they are awarded the same percentage of representative seats in the government. C. smaller parties can carve out niches and still have political influence. D. All of these are true.
The resource income earned by those who supply ________ is called wages
A) labor B) capital C) natural resources D) entrepreneurship