When the economy moves from point D to E in Table 0201A, the opportunity cost of the computer in terms of televisions is
A) 3.
B) 4.
C) 2.
D) 5.
B) 4.
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Pietro is a manager at a carwash. He has hired 10 workers to wash and detail cars for him and is considering what type of payment scheme he should set up for his workers
He can pay each of his workers $9 per hour to wash and detail cars, or he can pay his workers $12 for each car a worker washes and details. (It takes 75 minutes, on average, for an employee to wash and detail a car.) If Pietro wants to maximize the number of cars his workers wash and detail in one day, which payment scheme should he use? Explain.
Most of the world's population lives in
A. North America. B. the LDCs. C. Western Europe. D. the NICs.
An example of human capital would be
A. A computer. B. A carpenter's saw. C. Carpentry skills. D. All of the choices are correct.
Between 1990 and 2009, the percentage of general merchandise purchased in discount stores increased by __________ percent.
A. 10 B. 13 C. 16 D. 25