Refer to the table above. Laborland's net payment to foreigners equals ________
A) -$23 billion B) $20 billion C) -$61 billion D) $23 billion
D
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Which of the following is true?
A) The income per worker of a country is higher than its income per capita. B) The income per worker of a country increases when the amount of capital available in the country diminishes. C) The income per worker of a country is lower than its income per capita. D) The income per capita of a country increases when there is an increase in the number of workers.
The mean household income is
A) the income that separates households into two equal groups. B) the most common household income. C) the percentage of total income received by the richest 20 percent of households. D) the average household income.
Suppose demand is given by Qxd = 50 ? 4Px + 6Py + Ax, where Px = $4, Py = $2, and Ax = $50. What is the advertising elasticity of demand for good x?
A. 0.52 B. 0.38 C. 1.12 D. 1.92
Anthony and Kelly decide to watch a movie on Netflix using a promotion code so they do not need to pay for that movie. We know that
A. neither bears an opportunity cost since neither needs to pay for the movie. B. both bear an opportunity cost that depends on what each person is giving up to watch the movie. C. both bear the same opportunity cost because they are seeing the same thing. D. both bear the same opportunity cost because the tickets have the same face value.