Based on Moe’s Production Function with One Variable, Labor, what can we conclude about the quality of Moe’s workers?
a. The quality of Moe’s workers cannot be determined from this table.
b. The first two workers Moe’s added were the highest quality hires.
c. The last two workers added were relatively low quality.
d. The second worker Moe’s hired is his best employee.
a. The quality of Moe’s workers cannot be determined from this table.
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What is an externality?
What will be an ideal response?
The sum of the Fed's monetary liabilities and the U.S. Treasury's monetary liabilities is called
A) the money supply. B) currency in circulation. C) bank reserves. D) the monetary base.
Which of the following statements is false?
A. The production possibilities curve shows the combinations of goods that can be consumed by a nation before trade begins. B. The production possibilities curve shows the combinations of goods that can be consumed by a nation after trade and specialization begins. C. The production possibilities curve shows the combinations of goods that can be produced by a nation before trading begins. D. The production possibilities curve shows the combinations of goods that can be produced by a nation after trade and specialization begins.