Refer to Table 11-2. What is the marginal product of the 4th worker?
A) 230 bushels B) 57.4 bushels C) 50 bushels D) 12.4 bushels
C
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If prices in the economy rise, then
A) the purchasing power of a dollar stays constant. B) the purchasing power of a dollar rises. C) the purchasing power of a dollar declines. D) the purchasing power of a dollar cannot be determined.
Describe the history and consequent deepening as the European Union developed
Which treaties created which level of economic integration? Do countries have the ability to participate in some levels of integration and not others? Give specific examples.
Externalities can be positive, as well as negative.
A. True B. False C. Uncertain
Which of the following relies on government taxes and spending to change macro outcomes?
A. Fiscal policy B. Monetary policy C. Income policy D. Foreign-trade