Many of the new pollutants to which the world has been subjected are
A. more visible to the naked eye.
B. less malodorous and less visible.
C. less dangerous due to new environmental regulations.
D. pose less health risks.
Answer: B
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The following table provides information about production at the XYZ-TV Company.Number of WorkersTVs ProducedMarginal ProductValue of Marginal Product00------13535$35,00026833$33,00039931$31,000412829$29,000515527$27,000How many workers will XYZ-TV Company hire if the going wage for TV production workers is $30,000?
A. 0 B. 3 C. 2 D. 1
Use the data in the table below to answer the following question.PriceQuantity Demanded$201218171620142412301036840644448The price elasticity of demand (based on the midpoint formula) when price decreases from $12 to $10 is
A. inelastic. B. unit elastic. C. elastic. D. perfectly elastic.
Refer to the figure above. If A forms a customs union with C, the quantity of trade creation will be
A) 100 units. B) 70 units. C) 30 units. D) None of the above.
Most economists believe the LM curve to be
A) horizontal most of the time. B) upward-sloping. C) vertical. D) downward-sloping.