Jane has $500 a week to spend on clothing and food. The price of clothing is $25 and the price of food is $10. The clothing and food pairs in Jane's choice set include ________ units of clothing and ________ units of food.
A. 8; 30
B. 50; 50
C. 20; 50
D. 15; 25
Answer: A
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A) the worker requires no monitoring. B) the worker receives the market wage and requires full-time monitoring. C) the cost of monitoring the worker equals the efficiency wage. D) the change in the workers' productivity from being monitored times the per time unit cost of monitoring equals one.
If an increase of $5 billion in investment is associated with an increase of $25 billion in real Gross Domestic Product (GDP), the multiplier is
A) 1. B) 3. C) 5. D) 7.
During the Revolutionary War, the U.S. trade deficit increased because:
a. U.S. imports decreased, while U.S. exports increased. b. U.S. imports increased, while U.S. exports decreased. c. U.S. exports decreased more than U.S. imports decreased. d. U.S. imports decreased more than U.S. exports decreased.
MPI refers to the percentage of additional domestic income spent on imports
a. True b. False Indicate whether the statement is true or false