National income is income ________ the factors of production.
A. earned by
B. invested in
C. paid by
D. households owe to
Answer: A
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The nominal GDP in Liplandis is currently $3,456 billion. If net foreign factor income increases by $400 billion, the nominal GDP will ________.
A. not change B. increase by $400 billion C. fall, but by less than $400 billion D. fall by $400 billion
A firm's employment of labor outside the country in which the firm is located
A) is outsourcing. B) shifts the supply of labor in the original country. C) is the marginal revenue product. D) shifts the supply of labor in the other country.
Refer to the information. Which technique is economically most efficient in producing A?
Answer the question on the basis of the following information: Suppose 30 units of product A
can be produced by employing just labor and capital in the four ways shown below. Assume
the prices of labor and capital are $2 and $3 respectively.
A. I.
B. II.
C. III.
D. IV.
Use the figure below: 
If good skiing costs $100 per day and horseback riding costs $50 per day, if you have $250 to spend which indifference curve would maximize your utility?
A. Curve A B. Curve B C. Curve C D. None of these curves