The additional output from one more worker is known as
A. marginal physical product.
B. marginal revenue product.
C. marginal factor cost.
D. marginal wage.
Answer: A
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The mechanical reaper was invented by
A. Eli Whitney. B. The Marsh brothers. C. John Deere. D. Cyrus McCormick.
Explain the term "economics."
What will be an ideal response?
A quota is
A) a government-imposed restriction on the quantity of a specific good that can be imported into a country. B) a tariff imposed on goods that are dumped into the home country. C) a tariff imposed on goods that are subsidized by their domestic governments and exported to other countries. D) a tariff based on the value of the imported good.
The powers of the Federal Reserve System do not include: a. the ability to buy and sell U.S. government securities
b. the ability to extend loans to commercial banks. c. the ability to provide deposit insurance for customers of member banks. d. the ability to impose reserve requirements on both member and nonmember commercial banks. e. the authority to clear checks.