Everyone working the land knows the usefulness of investing in land irrigation systems but those who work the land may choose not to invest in these profitable irrigation systems as long as
a. the investments are too expensive
b. unskilled labor is widely available
c. birth rates are high
d. the government dictates choice of investment
e. their property rights, with respect to the land and water, are subject to change
E
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As a result of the financial crisis of 2007-2009, the size of the shadow banking system:
A) became smaller than the commercial banking system B) became larger than the commercial banking system C) declined, but remained larger than the commercial banking system D) increased, but remained smaller than the commercial banking system
Which of the following statements provides the most accurate description of the employment growth rate in various sectors of the economy between 1860-1910?
a. All major sectors grew with the exception of agriculture and construction. b. All major sectors grew, and agriculture grew the most. c. The manufacturing sector grew the most, followed by railroads, but agricultural employment decreased. d. All major sectors grew, and railroads grew the most.
You have one free movie to give away. Susie Wong would receive 75 units of utility from the pass while Ralph Zilda would get 90 units of utility from the pass. Movie tickets sell for $8 at the theater. You want to create the most satisfaction possible by giving away the pass. Who should the movie be given to?
a. Susie because her current utility is lower. b. Ralph because he will receive the most total utility. c. Ralph because his marginal utility per dollar is higher. d. Not Susie because her marginal utility is lower. e. There is not enough information to decide.
Firms with identical cost structures in a competitive market will have an upward sloping market long-run supply curve
a. true b. false