In the United States, the median household income is ________ than the mean income, which means there are ________ households with low incomes than with high incomes
A) less; more
B) greater; more
C) greater; fewer
D) less; fewer
A
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According to the above table, if these two countries trade
A) Mexico should import computers and the United States import bicycles. B) the United States should import computers and Mexico should import bicycles. C) the United States should export bicycles and Mexico should export computers. D) we cannot tell which country should export which good without knowing the amount of labor utilized in each country.
A barber shop produces 192 haircuts a day. Each barber in the shop works 8 hours per day and produces the same number of haircuts per hour. If the shop's productivity is 2 haircuts per hour of labor, then how many barbers does the shop employ?
a. 8 b. 12 c. 16 d. None of the above is correct.
Answer the following question based on the graph showing the median voter. If candidate A took a position at VM, she would have the best chance of winning if she convinced voters that candidate B is taking a position ______.
a. as far as possible from VM
b. just to the left of V2
c. just to the right of V1
d. as near as possible to VM
If average labor productivity decreases, then the same number of employed workers will always produce:
A. less output per person. B. more total output. C. more output per person. D. less total output.