Relative to the first quarter of 2000, housing prices ________ in the United States between 2000 and 2009.
A. doubled
B. increased by 150 percent
C. decreased by 100 percent
D. tripled
Answer: A
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Which of the following is true?
A) The income per worker of a country is higher than its income per capita. B) The income per worker of a country increases when the amount of capital available in the country diminishes. C) The income per worker of a country is lower than its income per capita. D) The income per capita of a country increases when there is an increase in the number of workers.
Explain the reason why the debt-to-GDP ratio in the United States is expected to explode between now and the year 2042
What will be an ideal response?
An opinion based on personal preferences and value judgments is called
a. an objective concept. b. a subjective concept. c. an unintended consequence. d. ceteris paribus.
Earth Movers & Shakers operates 3 iron ore mines. The accompanying table shows each mine's total daily production and the current number of miners at each mine. All miners work for the same wage, and each miner in any given mine produces the same number of tons per day as every other miner in that mine. Total Tons Per DayNumber of MinersMother Lode10025Scraping Bottom3010Middle Drift7515 The opportunity cost of moving one miner from Middle Drift to another mine is:
A. 3 tons per day. B. 5 tons per day. C. 1 ton per day. D. 4 tons per day.