Which of the following workers is most likely to be asked to post a bond?
A) construction contractor
B) fast food worker
C) sanitation worker
D) book author
A
You might also like to view...
Typically, the more time suppliers have to adjust to changing market conditions,
A) the more elastic the supply curve. B) the more elastic the demand curve. C) the less elastic the supply curve. D) the less elastic the demand curve.
Suppose you are a famous international economic advisor. You have been asked to asses the possibilities for growth in an African country. It is a country abundant in labor and some natural resources. The capital-to-labor ratio is low
It has a free market economy. You have found that this country does not have a very strong and healthy banking system, however the political system is stable and the government does a good job protecting property rights. Assess this country's prospects for growth. Recommend two things that would enhance the country's growth.
Bob gives up his factory job in order to open a bait-and-tackle shop. The earnings from his factory job represent
a. the hourly wage paid by the shop b. the marginal cost of running the shop c. the average cost of running the shop d. a fixed cost that can vary in the long run e. an implicit cost of opening the shop
What is the value of marginal profit at the profit-maximizing output?