Refer to the above table. If the price of the good produced is $8, the marginal revenue product of the 12th worker is
A) $720
B) $800
C) $5520
D) $560
A
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If the Mexican government devalues its peso, it is
a. allowing the peso on the foreign exchange market to float to a higher equilibrium level b. allowing the peso on the foreign exchange market to float to a lower equilibrium level c. intentionally decreasing the value of the peso d. intentionally increasing the value of the peso e. increasing the value of the gold content of the peso
Between 1960 and 2012, the share of federal spending allocated to national defense
a. declined sharply, while the share allocated to health care increased substantially. b. rose sharply, while the share allocated to health care declined substantially. c. was relatively constant, while the share allocated to health care declined modestly. d. declined modestly, while the share allocated to health care was relatively constant.
When the controls of an organization are centralized, the communication between departments will be
a. vertical b. horizontal c. directional d. hub and spoke
Rwanda is a clear example of a country that has:
A. failed to achieve economic growth without a democratic regime. B. achieved economic growth only after a democratic regime was in place. C. achieved economic growth without a democratic regime. D. failed to achieve economic growth, despite having a democratic regime.