Refer to the table shown. If the average product is 8, the number of workers is:Number of workersMarginal product of workers1527384105116775839010?1
A. 2.
B. 8.
C. 6.
D. 4.
Answer: C
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Among the nations listed, which of the following has the most open economy?
A. Germany B. The Netherlands C. The United States D. Japan E. Canada
In the above figure, point ________ shows an equal distribution of income, while point ________ shows an unequal distribution of income
A) a, b B) b, c C) b, a D) a, d
Software companies continually work to develop new features of their products that make it easier for users to interact and share their work. As more of these features are embedded in the software, what happens to the individual demand curve for the software products?
A. Demand curve becomes more elastic due to the bandwagon effect. B. Demand curve shifts, but its degree of elasticity does not change. C. There is no change in the individual demand curve. D. Demand curve becomes less elastic due to the snob effect.
If you are following a tit-for-tat strategy in a repeated game, and your opponent makes a cooperative move, you will:
A. collude. B. price compete. C. defect. D. make a cooperative move in the next round.