In the above table, the marginal product of the third worker is
A) 1.
B) 2.
C) 3.
D) 4.
D
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Which of the following is TRUE about how trade deficits and government budget deficits are related?
A) The government budget deficit leads to higher interest rates that will lead to a trade deficit. B) The government budget deficit leads to lower interest rates that will lead to a lower trade deficit. C) The trade deficit leads to a reduction in investment that leads to a government budget deficit. D) The trade deficit leads to a decline in imports relative to exports that leads to a government budget deficit.
If the Fed raises the federal funds rate, eventually the
A) AD curve shifts rightward and real GDP increases. B) AD curve shifts leftward and real GDP decreases. C) AS curve shifts rightward and real GDP increases. D) AS curve shifts leftward and real GDP decreases. E) AD curve shifts rightward and real GDP decreases.
A firm's long-run average cost curve is derived by adding together its short-run average total cost curves
Indicate whether the statement is true or false
Of the following high-income countries, which has the highest obesity rate?
A) Canada B) Japan C) the United Kingdom D) the United States