Though stay-at-home dads are growing rapidly in numbers, when one parent stays at home, ________ of the time it is the mother.
A. 68%
B. 78%
C. 98%
D. 88%
Answer: C
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Labor productivity measures
a. input per machine per hour b. input per laborer per hour c. output per machine per hour d. output per laborer per hour e. output per unit of land per hour
The aggregate demand and aggregate supply model implies monetary neutrality
a. only in the short run. b. only in the long run. c. in both the short run and the long run. d. in neither the short run nor long run.
A monopoly produces widgets at a marginal cost of $10 per unit and zero fixed costs. It faces an inverse demand function given by P = 50 ? Q. What are the profits of the monopoly in equilibrium?
A. $600 B. $500 C. $300 D. $400
If a fall in the price of good A increases the quantity demanded of good B
A) A and B are substitutes. B) A and B are complements. C) A is a substitute for B, but B is a complement to A. D) B is a substitute for A, but A is a complement to B.