Since 1925, the longest expansion in the United States lasted:
A. 21 months.
B. 43 months.
C. 60 months.
D. 120 months.
Answer: D
You might also like to view...
A good is rivalrous in consumption if
A. its consumption by one person reduces its consumption by others. B. it can be used to satisfy many needs (as compared to just one need). C. it can be used to satisfy many wants (as compared to just one want). D. its consumption by one person increases its consumption by others. E. a and c
Suppose a loaf of bread sold for $3.00 in 2008 . The price of bread then increases to $3.60 in 2009 . The price index for bread considering 2008 as the base year is _____
a. 1.20 b. 83.33 c. 120 d. 100 e. 20
When a competitive firm hires labor up to the point at which the value of the marginal product of labor equals the wage, it also produces output up to the point at which marginal cost is equal to __________
Fill in the blank(s) with correct word
Given the following table, how many workers should be hired to maximize profits?LaborMarginal Product LaborVMPLWage18$32$100232$128$100316$64$1004-1$-4$1005-12$-48$100
A. 1 B. 2 C. 3 D. 4