In which year did long-term interest rates in Greece rise to an all-time high of close to 30%?
A. 2003
B. 2011
C. 2009
D. 2005
Answer: B
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Economies of scale often arise because higher production levels allow specialization among workers.
Indicate whether the statement is true or false.
Refer to the information provided in Table 13.4 below to answer the question(s) that follow. Table 13.4Price ($)Quantity20.00118.00216.00314.00412.00510.006 8.007Refer to Table 13.4. If a monopoly faces the demand schedule given in the table and has a constant marginal and average cost of $8 per unit of providing the product, then the monopoly maximizes its profits by charging ________ per unit and selling ________ units of output.
A. $12; 5 B. $18; 2 C. $10; 6 D. $14; 4
An increase in the productivity of workers shifts the labor ________ curve to the ________.
A. supply; right B. demand; left C. supply; left D. demand; right
The peak of union representation in the workforce was
A. 50% in 1935. B. 40% in 1945. C. 15% in 1985. D. 30% in 1975.