The marginal revenue that would be derived from the production of the fifth unit is
A. $20.
B. $16.
C. $12.
D. $4.
D. $4.
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The costs of economic growth include all of the following except consumption sacrificed for:
A. acquiring new human capital B. research and development into new technologies C. physical capital formation D. additional hours of leisure
Ryan saved $50,000 last year in his bank account so that he could buy a car this year. In this case, money served the function of a ________
A) unit of account B) means of deferred payment C) store of value D) medium of exchange
If inflationary expectations are stable and there is no current inflation, the short-run Phillips curve will intersect the long-run Phillips curve at: a. a 0 percent unemployment rate
b. a 2 percent unemployment rate. c. a 4 percent unemployment rate. d. the natural rate of unemployment.
Public goods like roads can be privatized by spending money on their repair
a. True b. False Indicate whether the statement is true or false