Refer to the information provided in Figure 7.3 below to answer the question(s) that follow.
Figure 7.3Refer to Figure 7.3. The average product with two workers is ________ yards raked.
A. 4
B. 13.5
C. 14
D. 27
Answer: B
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Use the following choices regarding the various types of unemployment to describe the following situation. After staying home for 23 years raising her four children, Susan has reentered the labor force looking for full-time employment.
A. Frictional unemployment B. Structural unemployment C. Natural unemployment D. Cyclical unemployment
A balance-of-payments surplus for the United States can be corrected by
A. Increasing quotas on foreign goods. B. Reducing tariffs on foreign goods. C. Subsidizing U.S. exports. D. Increasing U.S. taxes.
Which of the following is an accurate rough translation of ceteris paribus?
a. “supporting the same idea” b. “making everything else different” c. “holding everything else constant” d. “challenging the same idea”
A monetary shock of a given size has a larger real effect:
a. the more it is anticipated by the public b. the more fully it is explained and communicated to the public c. the more stable the underlying monetary environment. d. all of the above.