The advantage of automatic stabilizers is that they
A) reduce the fluctuations in the business cycle. B) help to balance the budget.
C) reduce the size of the net public debt. D) help reduce the inflation rate.
A
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Refer to Figure 18.2. The opportunity cost of producing fishing poles in Macadamia is
A) 3/4 of a spear. B) 5/6 of a spear. C) 6/5 spears. D) 4/3 spears.
If the output per acre of land triples, then the productivity of an acre of land
A. has been cut by two-thirds. B. has been cut by one-third. C. has tripled. D. has increased.
What are the common errors that are made when completing a performance appraisal for subordinate officers?
What will be an ideal response?
A reason why a firm's demand for labor curve slopes downward is that, holding everything else constant,
A) the extra cost of hiring additional units of labor increases as a firm hires more units of labor. B) as more labor is hired, labor's marginal product falls due to diminishing marginal returns. C) the firm's demand curve for the product produced by the labor is downward sloping. D) each additional unit of labor hired is less efficient than previously hired units.