One economic advantage of a large share of exports in GDP is that countries
A) can reduce their budget deficits.
B) can purchase the imports they need.
C) can maintain lower rates of unemployment.
D) develop more labor-intensive industry.
B
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Refer to the table above. Which of the following statements is true about the marginal product of labor?
A) The marginal product initially decreases with the first few workers and then increases. B) The marginal product initially increases with the first few workers and then decreases. C) The marginal product decreases as more workers are hired. D) The marginal product increases as more workers are hired.
What is the theory of bureaucratic behavior and how can it be used to explain the behavior of the Federal Reserve?
What will be an ideal response?
Use the following market data to answer the question below.Price per UnitQuantity Purchased by ConsumerQuantity Sold by Producer$52,0000101,800300151,600600201,400900251,2001,200301,0001,500In the market shown in the table, the marginal benefit of 1,200th unit is
A. $25. B. $10. C. $20. D. $15.
When deciding whether to engage in an activity or how much to do, people should follow
A) the principle of microeconomics. B) the marginal principle. C) the principle of macroeconomics. D) the law of supply and demand.