Senator Smith says that in order to help poor countries develop, the United States should: 1 . Prevent U.S. corporations from investing in poor countries because they take profits that the poor countries should have; 2 . Not import goods from poor countries that use child labor; 3 . Work to promote political stability in poor countries; and 4 . Reduce poor countries' reliance on market forces in
their economies. How many of these ideas are likely to help poor countries grow?
a. 1
b. 2
c. 3
d. 4
a
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Complete the table below, which represents the production costs for a typical firm. (Round numbers to the nearest tenth.)
TP TFC TVC TC AFC AVC ATC MC 0 $20 $ 0 $__ --- --- --- --- 1 ___ 27.5 ___ $__ $__ $__ $27.5 2 ___ 46.8 ___ ___ 23.4 ___ ___ 3 ___ 63.3 ___ ___ ___ ___ ___ 4 ___ 82.5 ___ 5.0 ___ ___ ___ 5 ___ 106.7 126.7 ___ ___ ___ ___ 6 ___ 139.7 ___ ___ ___ ___ ___ 7 ___ 181 ___ ___ ___ 28.7 ___ At what level of output do diminishing returns set in? How do you know?
Which of the following labor markets is more likely to be competitive?
A) Receptionists B) Singers C) Soccer players D) Sculptors
If we compare income percentages of total income of the lowest quintile in 1968 with 2008, we would find that it was
A. rising. B. staying about the same. C. falling.
The relationship between income and education is clear. At every age, those with more education earn more
a. True b. False