Large increases in agricultural productivity were not the primary reasons for migrating to which area of the nation during the antebellum period?
a. Illinois and Wisconsin
b. Indiana and Ohio
c. The far west
d. Texas and Mississippi
c. The far west.
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Briefly describe the three most widely followed stock indexes in the United States
What will be an ideal response?
Which of the following events would lead to an increase in the marginal product of labor for every quantity of labor?
A) An increase in the real wage B) A decrease in the real wage C) A favorable supply shock such as a fall in the price of oil D) An adverse supply shock, such as a reduced supply of raw materials
Jessica owns a company that makes pre-packaged sandwiches for convenience stores. The market price for a sandwich is $5 and Jessica is a price-taker. Her daily cost for making sandwiches is C(Q) = 2.5Q + (Q2/40) and her marginal cost is MC = 2.5 + (Q/20). How many sandwiches should Jessica produce each day?
A. 20 B. 40 C. 45 D. 50
A country's production possibilites increase because the available workers become more skilled at using a computer. This is an example of growth caused by:
a) global resources b) physical capital c) technology d) production opportunity