Which of the following is a characteristic of a good research paper?
A. A good research paper should contain a review of relevant literature.
B. A good research paper should not have any published precedents.
C. A good research paper should always be useful for policy implications.
D. A good research paper should have more than one author.
Answer: A
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For a good whose production creates an external cost, the efficient quantity of output is
A) where the market demand curve and the market supply curve intersect. B) where the marginal social cost curve and marginal benefit curve intersect. C) as low as possible. D) zero. E) the amount of production so that the marginal social benefit exceeds the marginal social cost by as much as possible.
The table above gives Jane's total utility from magazines and CDs. What is the marginal utility of the sixth CD?
A) 150 units B) 100 units C) 50 units D) 5 units
Other things equal, the wage rate will be higher in a job that requires close monitoring by a supervisor since few individuals are eager to work in such an environment
a. True b. False
If the marginal propensity to consume was 0.9, it would mean that:
A. consumers spend $1 out of every $10 of additional disposable income. B. consumers save $9 out of every $10 of additional disposable income. C. consumers spend $9 out of every $10 of additional disposable income. D. people should save more.