In Figure 21.1, diminishing marginal returns first occur with the
A. Fourth worker.
B. Second worker.
C. Fifth worker.
D. Third worker.
Answer: D
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Capital gains are the profits earned by investors from the sale of stocks, bonds, real estate, or other assets
Indicate whether the statement is true or false
The country in which a form of industrial organization in which a group of companies own stock in each other and has a bank that owns stock in each firm is
A) the United Kingdom. B) the United States. C) Japan. D) Germany.
The argument that an increase in aggregate demand, as a result of an increase in government purchases, will be offset by increases in savings (less current consumer spending) for future taxes is called:
a. the crowding out effect b. the Ricardian equivalence theorem c. the budget deficit effect d. the budget surplus effect
If corn products are found to cause cancer, then the most immediate effect will be that the
A. Supply curve for corn will shift left. B. Supply curve for corn will shift right. C. Demand curve for corn will shift left. D. None of the choices are correct.