Kenya owns a lawn mowing company. His total product schedule is in the above table. The marginal product of the fourth worker is ________ lawns mowed per week
A) 80
B) 25
C) 20
D) 5
E) 320
D
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________ are a form of regional integration where member countries lower internal trade barriers and establish a common barrier against nonmembers
A) Customs unions B) Free trade areas C) Reciprocal trade agreements D) None of the above.
Which of the following components are used to calculate GDP?
a. tons as a unit of measurement; intermediate goods; new products b. dollars as a unit of measurement; final services; new products c. millimeters as a unit of measurement; intermediate goods; used products d. dollars as a unit of measurement; final services; used products
Based on the graph showing the run-up of nominal home prices, if a person had wanted to buy a house, hold it for one year, and then sell it for a profit, which of the following years would have been the worst to make the purchase in?
a. 1922
b. 1966
c. 1992
d. 2006
Refer to the diagram that shows the market for U.S. health care. Other things equal, which of the following would shift the demand curve for medical care from D 1 to D 2 ?
A. Higher copayments and deductibles in insurance policies.
B. An aging population.
C. Cutbacks in the government's Medicaid program.
D. Restrictions by firms on the eligibility of part-time workers for medical benefits.