ADC makes latex-free tubing for blood pressure instruments. This is
A. an output of ADC.
B. an input into the production of health.
C. both an input and an output.
D. These concepts do not apply to this sort of product.
C. both an input and an output.
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What are menu costs?
A) the cost to a household of borrowing money when there is deflation B) the opportunity cost of dining in a restaurant instead of at home C) the costs to a firm of changing prices D) the full list of a firm's costs of production
The labor supply curve reflects how workers' decisions about the labor-leisure tradeoff respond to changes in the opportunity cost of leisure
a. True b. False Indicate whether the statement is true or false
Women currently comprise ______ of the workforce.
a. about one-third b. about two-thirds c. just under half d. just over half
The permanent income hypothesis implies that the effect of a temporary tax cut on economic activity
A. is the same as the effect of a permanent tax cut. B. is greater than the effect of a permanent tax cut. C. is smaller than the effect of a permanent tax cut. D. can be greater than or smaller than the effect of a permanent tax cut, depending on how the tax cut affects the government.