A person will choose to buy a good as long as
A) marginal benefit is at least as great as price.
B) consumer surplus is positive.
C) marginal benefit is positive.
D) consumer surplus is at least as great as price.
A
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Industrial production, total sales, nonfarm employment, and after-tax household income are examples of ________ indicators of economic activity.
A. coincident B. real C. preceding D. lagged
A factory urgently needs to hire some workers. The factory owner is willing to pay a wage of $15 per hour to responsible workers and is unwilling to hire workers who require constant monitoring
On average, he expects 5 out of 10 workers who have come for an interview to be sincere. How much should he offer to pay the workers he hires? A) $15 per hour B) $7.50 per hour C) $10 per hour D) $8 per hour
The Herfindahl-Hirschman index is measured by
A) adding the market shares of all firms in an industry. B) adding the squares of the market shares of all firms in an industry. C) squaring the sum of the market shares of the all firms in an industry. D) adding the market shares of the four largest firms in an industry.
The U.S. government will probably return soon to a system of paper money backed by gold
a. True b. False Indicate whether the statement is true or false