A typical professional National Football League team has three quarterbacks on its roster. What is one reason why they might not have a fourth quarterback?
A) The fourth quarterback's marginal product is approximately zero.
B) The fourth quarterback's marginal product is approximately ten.
C) The fourth quarterback's marginal product is less than the first quarterback's marginal product.
D) There is a law against carrying four quarterbacks on a team.
A
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The consumer price index measures the cost of:
A. a fixed basket of goods and services. B. all goods and services purchased by consumers. C. goods and services required to live above the poverty level. D. a changing basket of goods and services.
The nation as a whole is better off from trade as long as the gains from the winners exceed the losses from the losers
Indicate whether the statement is true or false
If a consumer is spending a small portion of his or her income on a good, then the demand for the good is likely to be inelastic
a. True b. False Indicate whether the statement is true or false
Combined, in 2014, Medicare and Medicaid covered
A. 6 million people. B. 105 million people. C. 143 million people. D. 25 million people.