Refer to the data. The average total cost of producing 3 units of output is:
A. $14.
B. $12.
C. $13.50.
D. $16.
D. $16.
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________ are a form of regional integration where member countries lower internal trade barriers but maintain existing barriers against nonmembers
A) Customs unions B) Free trade areas C) Reciprocal trade agreements D) None of the above.
The reminiscences of two famous people who were born into slavery, Frederick Douglass and Booker T. Washington, include all of the following except
(a) The common custom among slave owners was to ensure that small children of slaves had the nurturing of both parents until they reached good working age. (b) Their early years were not very different from thousands of other slave children. (c) Their fathers were white men. (d) They saw their mothers infrequently, only a few times in their lives, or only sometimes in the early morning hours before their mothers went to work or late at night.
Which of the following provides the bulk of revenue for the federal government?
a. corporate income taxes and grants from state and local governments b. personal income and payroll taxes c. user charges and funds borrowed from the general public d. corporate income and sales taxes
Technological advance is shown as a(n):
A. movement from a point inside a production possibilities curve to a point on the curve. B. movement along a production possibilities curve. C. outward shift of a production possibilities curve. D. inward shift of a production possibilities curve.