An increase in production in the short run definitely results in an increase in
A. Average total costs.
B. Average fixed costs.
C. Total costs.
D. Marginal costs.
Answer: C
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Which of the following workers is most likely to lose his/her job during a recession?
A. Barber B. Farmer C. Baker D. Construction worker
The Haig-Simons definition of income includes
A. employer pension contributions and insurance purchases. B. transfer payments. C. income in-kind. D. all of these answer options are correct.
M1 is actually a smaller amount than M2
a. True b. False Indicate whether the statement is true or false
Using public policy to promote health can contribute to growth because:
A. workers who are in good health take more vacation days and are less likely to work. B. workers who get free health care are more likely to be careless. C. it allows the importation of more goods and services. D. workers who are in good health will be more productive and less likely to miss work days.