U.S. casinos serve about ________ people per year.
A. 5 million
B. 76 million
C. 250 million
D. 1 million
Answer: B
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As a factor of production, oil reserves are counted as
A) land. B) labor. C) capital. D) entrepreneurshi
If worker output is not measurable in physical units, and employees are hard to monitor, it would be best to organize the firm using
A) a command system. B) a monitoring system. C) an incentive system. D) None of the above answers is correct.
The absolute value of the slope of the production possibilities frontier at the production point provides a measure of both the relative price of S in terms of T and the opportunity cost of producing one more units of S calculated in terms of output
of T foregone. Indicate whether the statement is true or false
Investment as defined by economists differs from investment as defined by the general public in that
What will be an ideal response?