If you believe that expectations react quickly, you are likely a
A. believer in rational expectations.
B. Keynesian.
C. theoretical economist.
D. None of the above is correct.
Answer: A
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When you duplicate yourself through other people your security is not dependent on your ability to perform.
A. True B. False
The three main crops of the nation from the end of the Civil War to the turn of the century (1900) were (1) ______, (2) __________; and (3) _________.
Fill in the blank(s) with the appropriate word(s).
The brief spike in productivity during the 1990s and 2000s was attributable to
A. the substitution of automatic interactions for human ones (like ATMs and phone trees) alone. B. robotic production alone. C. early retirement of baby boomers. D. both robotic production and the substitution of automatic interactions for human ones.
The marginal products of the first, second, and third workers are 50, 34, and 22, respectively. If four workers can produce 116 units of output, then the marginal product of the fourth worker is
A. 10. B. 12. C. 22. D. 116.