Refer to the information provided in Figure 7.3 below to answer the question(s) that follow. 
Figure 7.3Refer to Figure 7.3. The average product with two workers is ________ yards raked.
A. 4
B. 13.5
C. 14
D. 27
Answer: B
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In the North-South model, how are "basic factors" distinguished from "advanced factors," and what are the implications for growth and development possibilities?
What will be an ideal response?
Which of the following countries cannot use monetary expansion in order to reduce youth unemployment?
a. South Africa b. Spain c. India d. Greece
We observe a market where the price has risen and the quantity being sold has declined. This could be caused by a(n):
a. Increase in demand b. Increase in supply c. Decrease in demand d. Decrease in supply
For this question, assume that the Fed sets monetary policy according to the Taylor rule. Suppose current U.S. macroeconomic conditions are represented by the following: ? < ??* and u > un. Given this information, we would expect that the Fed will
A) implement a monetary contraction. B) implement a monetary expansion. C) maintain its current stance of monetary policy. D) more information is need to answer this question.