The cost of an extra unit of oil in the United States in terms of coal given up is
A. 25.
B. 50.
C. 2.
D. 1/2.
D. 1/2.
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Assume that the average salary for male professors at a university was $110,000 and the average salary for female professors at the same university was $95,000 . Based on this information, can we conclude that this university engages in gender discrimination? Why or why not?
Explain how to derive the demand for an input.
What will be an ideal response?
In defining economic costs, economists emphasize
A. Explicit and implicit costs while accountants recognize only explicit costs. B. Only explicit costs while accountants recognize only implicit costs. C. Only explicit costs while accountants recognize explicit and implicit costs. D. Explicit and implicit costs while accountants recognize only implicit costs.
Declines in spending on residential construction are often due to increases in interest rates. The collapse in residential construction prior to and during the recession of 2007-2009 was due more to ________ than to higher interest rates
A) the financial crisis that began in 2007 B) the rapid inflation of the early 2000s C) increases in the price of lumber D) rising wages in the construction industry