Organizing a successful firm in a market economy has become ________ over the last century
A) politically impossible B) less difficult
C) legally impossible D) more difficult
D
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Use the following table to answer this question, which provides information on the production of a product that requires one variable input.InputTotal Product00102002060030720408205090060980The average product of the 40th input item is
A. 100. B. 20.5. C. 10. D. 80.
The exchange rate for the Mexican peso changes from $1 = 5 pesos to $1 = 6 pesos. This change will lead to ________.
A. Mexican goods becoming more expensive for Americans B. U.S. goods becoming less expensive for Mexicans C. an increase in Mexican imports from the U.S D. a decrease in U.S. exports to Mexico
Refer to Table 20.1. George is a single taxpayer with an income of $65,000. What is George's average tax rate?
A) 19.00% B) 22.68% C) 23.61% D) 27%
If the inflation rate is negative, the price level in an economy is
A) falling. B) rising slowly. C) constant. D) rising rapidly.