The marginal product generated by an additional unit of input times the price of the output is called:
A. the marginal revenue product.
B. the value of the marginal product.
C. Both of these statements are true.
D. Neither of these statements is true.
Answer: C
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What are the arguments in favor of the redistribution of income?
What will be an ideal response?
Even if college imparted no additional knowledge to its graduates, they are likely to earn more because _____
a. firms like to say they only hire college graduates b. of the connections that one makes in college c. a college degree sends a signal of innate ability to employers d. their parents help them get a job
Using the table? above, the number of people in the labor force is
A) 165 million. B) 175 million. C) 195 million. D) 185 million. E) 145 million.
The relationship between the number of hours you study and your economics score is linear.
Answer the following statement true (T) or false (F)