Marginal land is land
A. that is unprofitable under any circumstances.
B. that is the most productive in the area.
C. that is on the borderline of profitability.
D. of average productivity.
Answer: C
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Full employment occurs when
A) the sum of frictional and structural unemployment is zero. B) the cyclical unemployment rate is zero. C) the structural unemployment rate is zero. D) the unemployment rate is zero. E) the frictional unemployment rate is zero.
Refer to the scenario above. If this game is repeated several times, the players will eventually reach an equilibrium where Beth will earn ________ and Charles will earn ________
A) $0; $10 B) $10; $10 C) $0; $50 D) $20; $20
What helps to explain the remarkable 7.3% growth rate in South Korea between 1960 and 2011?
A) The education of South Korean women B) A radical reduction in foreign imports and a maximization of South Korean exports C) Huge foreign aid from the World Bank D) All of the above. E) None of the above.
If one party pays a fixed fee on a regular basis in return for a contingent payment that is triggered by a downgrading of a firm's credit rating, that is called a
A) credit option. B) credit swap. C) credit-linked note. D) credit default swap.