Which of the following is most likely to be a major source of growth in per capita GDP?
a. A high investment / GDP ratio b. A high rate of inflation
c. Rapid population growth d. Rapid growth in the money supply
a
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Shama is producing candles in a perfectly competitive market. When she produces 500 candles, her total cost is $250. If she produces one additional candle, her total cost increases to $260
In order to maximize her profit, she should produce the additional candle A) if the market price for a candle is $12. B) only if the market price exceeds $260 for a candle. C) only if the market price exceeds $250 for a candle. D) if the market price for a candle exceeds $0.50. E) if her price exceeds her average total cost.
Skeptics of government policy to reduce taxes on saving argue that it would primarily benefit the rich
a. True b. False Indicate whether the statement is true or false
What do the initials PID stand for?
A. Pelvic Immune Disorder B. Pelvic Inflammatory Disease C. Perineal Immune Deficiency D. Perineal Inflammatory Disorder
Marginal utility is measured as
A. additional utility from each additional good consumed. B. utility per unit of production. C. output of a good or service divided by price. D. additional output divided by additional utility.