Given the table below, the maximum amount that can be produced using 20 workers is 
A. 26.5 units.
B. 442 units.
C. 420 units.
D. 22 units.
E. 530 units.
Answer: E
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Each of the following is one of the four main categories of spending identified by John Maynard Keynes except
A) taxes. B) net exports. C) government purchases. D) consumption.
In comparison to commodity money, paper money
a. is not portable. b. has no intrinsic value. c. is not divisible. d. cannot be stored. e. All of the above are correct.
The graph above indicates equilibrium E for a close economy without government spending. If the addition of government spending results in equilibrium F, which of the following is true?
A) Government spending is $300 and the multiplier is 5 B) Government spending is $100 and the multiplier is 5 C) Government spending is $100 and the consumption increase by $500 D) Government spending and GDP increase by $500 each E) Consumption and GDP increase by $500 each
Which of the following is most likely to prevent a poor country from developing?
What will be an ideal response?