Development assistance as a percentage of GDP is greatest for which of the following industrialized nations (as of 2012)?
A. The United States.
B. Norway.
C. Sweden.
D. Netherlands.
C. Sweden.
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Refer to the scenario above. The GDP deflator for Year 2 is ________
A) 240 B) 0.14 C) 87.5 D) 114.3
The one central bank president that always has a seat on the Federal Open Market Committee is located in:
A. New York City. B. Boston. C. San Francisco. D. Chicago.
Exhibit 10-1Use the information in the accompanying chart to answer the following question(s). The firm hires labor competitively and sells its product in a competitive price-taker market. Units of Labor Total Output Product (per day) (dollars) Price 1 15 6 2 30 6 3 40 6 4 48 6 5 54 6 6 59 6 7 62 6 Refer to Exhibit 10-1. What is the marginal revenue product of the fifth unit of labor?
A. $6. B. $36. C. $54. D. $324.
If the government limits the number of firms in a market by issuing a limited number of licenses, the market structure is most likely to be:
A. a perfectly competitive market. B. a monopoly. C. a monopolistically competitive market. D. an oligopoly.