Use the following table to answer the question below: The amount of total output produced from various combinations of labor and capital. 
If the amount of capital increases from 3 to 4 units, the marginal product of the fourth unit of labor
A. decreases by 12 units.
B. increases by 5 units.
C. increases by 8 units.
D. decreases by 3 units.
E. none of the above
Answer: B
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In Figure 11.1, an increase in consumer wealth is represented by a change in the consumption function from
A) C1 to C3. B) C3 to C1. C) C2 to C1. D) C1 to C2.
Which of the following statements correctly describes a competitive market?
A) Buyers and sellers negotiate prices before making exchanges. B) The market price for the same good varies from seller to seller. C) Sometimes, a single seller has the ability to dictate the market price. D) The market price is determined by the interaction of demand and supply.
What impact do you think that the movement of women from working in the household to working in the market has had on GDP? Why? Do you think that this points to a problem with GDP?
What will be an ideal response?
The average duration of unemployment tends to be longer, the higher the unemployment rate
a. True b. False Indicate whether the statement is true or false