If Max's output per hour were 50 in 1994 and 60 in 1995, how much would his marginal productivity be in 1995?
A. 10
B. 50
C. 55
D. 60
A. 10
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What economic insight is demonstrated through changing fashions in hairstyles or clothing?
a. Production improvements lead to more goods. b. New wants develop and replace the old ones. c. Goods are desirable but limited in supply. d. Intangible goods cost more than tangible ones.
Since the early 1980s, debt ratios for the OECD countries have
A) increased. B) remained constant. C) decreased slightly. D) decreased dramatically, and are now close to zero. E) become impossible to define.
Use the following saving schedule to answer the next question. 
As income falls from level 3 to level 2, the amount of
A. dissaving increases. B. saving increases. C. dissaving decreases. D. saving decreases.
In a housing market with a rent ceiling below the equilibrium rent, apartment seekers spend more time searching for an apartment than they would in a housing market without a rent ceiling. Why does this difference exist?
A) In the market with the rent ceiling, renters are searching for the best buy in apartments. B) In the market with the rent ceiling, there is a wide variety in the quality of apartments for rent. C) In the market with the rent ceiling, the quantity of housing demanded is greater than quantity supplied at the ceiling price. D) The premise of the question is incorrect because people spend less time searching with a rent ceiling since they no longer need to look for a low-priced apartment. E) The premise of the question is incorrect because there is no difference in the search time between a market with a rent ceiling and one without a ceiling.