Use the following table to answer this question, which provides information on the production of a product that requires one variable input.InputTotal Product0015220332442550655758858956The average product generated with 5 units of the input is
A. 50.
B. 8.
C. 5.
D. 10.
Answer: D
Economics
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Consider a closed economy without the government. If the savings rate in the economy is 20% and the aggregate savings is $10,000, the aggregate consumption in the economy is:
A) $37,000. B) $45,000. C) $10,000. D) $50,000.
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What is the "invisible hand"?
What will be an ideal response?
Economics
The system of trade rounds under GATT and the WTO has been successful at creating trade rules and reducing trade barriers
Indicate whether the statement is true or false
Economics
According to Keynesians, the primary source of business cycle fluctuations is
A) aggregate demand shocks. B) productivity shocks. C) oil price shocks. D) consumer confidence shocks.
Economics