MPP could never be negative
Indicate whether the statement is true or false
F
Economics
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When Ethan continues his education beyond high school, he is increasing his
A) human capital. B) capital. C) wage rate. D) rent. E) quantity of labor.
Economics
In the figure above, the length of the double sided arrow is the
A) consumer surplus. B) deadweight loss. C) producer surplus. D) economic loss per unit. E) economic profit.
Economics
The biggest contribution to real U.S. GDP growth in the 1970s was due to growth in
A) total factor productivity. B) the capital stock. C) the labor force. D) both the capital stock and the labor force.
Economics
In which of the following contracts is the agent's payment unaffected by his performance?
A) fixed-fee contract B) hire contract C) contingent contract D) sharing contract
Economics