The best explanation for why negative marginal product is reached at seven or more workers is that ______.
a. with seven or more workers, the shop makes more bagels than its customers want
b. six workers is the optimal staff size for a small business
c. Moe’s can only make effective use of six workers
d. Moe’s cannot make a profit with more than six workers
c. Moe’s can only make effective use of six workers
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Movies are $10 a ticket, and DVD rentals are $5 a DVD. With movies on the vertical axis, the magnitude of the slope of the budget line is
A) 1/2. B) 2. C) 5. D) 10.
Which of the following statements is correct about creating money?
a. Insurance companies can literally create money through the process of making loans. b. The banking system can literally create money through the process of making loans. c. The banking system cannot literally create money through the process of making loans. d. Insurance companies cannot literally create money through the process of making loans.
A period of stagflation is the normal aftermath of a period of
a. excess aggregate supply. b. deficient aggregate demand. c. excess aggregate demand. d. high unemployment rates.
According to the median voter theorem, majority rule will produce an outcome that is inconsistent with transitive preferences
a. True b. False Indicate whether the statement is true or false