If the average productivity of labor equals the marginal productivity of labor, then
A) the average productivity of labor is at a maximum.
B) the marginal productivity of labor is at a maximum.
C) Both A and B above.
D) Neither A nor B above.
A
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A) increase; decrease B) increase; increase C) decrease; decrease D) decrease; increase E) do not change; do not change
For most goods and services, the burden of a tax is on the sellers
Indicate whether the statement is true or false
Complete Milton Friedman's famous proposition: "Inflation is always and everywhere a ________ phenomenon."
A) monetary B) political C) policy D) budgetary
The stock market showed a PE for Alibaba equal to 32. What does PE mean?
A. perfect-earnings ratio B. price-earnings ratio C. profit-earnings ratio D. price-equity ratio