_____ is a resource whose quality is most often enhanced by technological change
a. Capital
b. Land
c. Labor
d. Entrepreneurship
e. Credit
a
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The increasing popularity of hotdogs in a food joint has pushed up their price, making it unaffordable for many students living in the surrounding areas. This is an example of a ________
A) positive externality B) negative externality C) pecuniary externality D) free-rider problem
A temporary decrease in the price of oil would be considered a:
A. long-run supply shock. B. demand shock. C. short-run supply shock. D. The changing price of oil would not affect any of these.
Which of the following is a major measure of economic growth?
A. Changes in real GDP. B. The fall in the rate of unemployment. C. The rise in the price level. D. Changes in interest rates.
Refer to the data. The marginal cost of the fourth unit of output is:
Answer the question on the basis of the accompanying table that shows average total costs (ATC) for a manufacturing firm whose total fixed costs are $10:
A. $2.
B. $12.
C. $37.
D. $16.