Refer to the table above. When the ________ is employed, diminishing marginal returns sets in
A) second worker
B) fourth worker
C) sixth worker
D) eighth worker
Answer: B) fourth worker
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Which of the following is when an investment bank purchases securities outright in case it misjudged the state of the market and it may have to sell the securities at a lower price than what was guaranteed?
A) credit risk B) liquidity risk C) principal risk D) default risk
If an inefficient public monopoly cannot provide a service at a price that sufficient numbers of people are willing to pay it:
A. can remain in operation by covering its losses with revenue from taxes. B. must shut down and leave the industry in the long run. C. should expand operations until demand is satisfied. D. will seek out more efficiencies.
Refer to the above graph. Which of the following statements about combination G is true?
a. The nation cannot produce combination D. b. The nation would prefer to be at combination F than at combination G c. The nation can currently produce combination G. d. The nation cannot produce combination G because of insufficient resources and technology
An economy's income is the same as its expenditure because every transaction has a buyer and a seller
a. True b. False Indicate whether the statement is true or false