The figure above shows the market for coffee. When the efficient quantity of coffee is produced, the marginal social benefit from the last pound is
A) $1.00.
B) $2.50.
C) $3.00.
D) $4.00.
C
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In the destination country, who tends to lose from labor immigration?
A. The migrant workers B. The labor unions C. The consumers D. The firms
An organic farm sells tomatoes for 50 cents each at the local farmers market. It only cost them (in the accounting measure) 5 cents to produce each tomato. What happens to GDP with the sale of each tomato?
A) It increases by 5 cents. B) It increases by 45 cents. C) It increases by 50 cents. D) It increases by 55 cents. E) It remains unchanged because organic farmers try not strive for profit.
The unemployment rate is
A) the percentage of the labor force that is unemployed. B) the percentage of the number employed that is unemployed. C) the percentage of the working-age population that is employed. D) the percentage of the working-age population that is unemployed. E) the percentage of the labor force that is employed.
What are three reasons people want to hold money balances?
What will be an ideal response?