Which of the following is a low-income country?
a. Mexico
b. Thailand
c. Turkey
d. Bangladesh
D
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A high school student who voluntarily includes a writing sample with their college application is an example of:
A. signaling. B. screening. C. building a reputation. D. statistical discrimination.
The marginal physical product of labor is
a. the slope of the total output curve at the relevant point. b. the negative of the slope of the total output curve at the relevant point. c. the slope of the line connecting the origin with the relevant point on the total output curve. d. the negative of the slope of the line connecting the origin with the relevant point on the total output curve.
If the Baloney Store earns more than a normal profit, its
a. economic profit must be greater than its accounting profit b. economic profit is positive c. economic profit is, therefore, equal to its accounting profit d. accounting profit is zero e. accounting profit is less than its economic profit
An adjustable-rate mortgage (ARM) is a kind of loan used to purchase a home and for which the interest rate varies or is indexed against the rate of inflation.
Select whether the statement is true or false. A. True B. False