A cottage industry exists in the home-manufacture of ‘country crafts'. Especially treasured are handmade quilts. If the fourth completed quilt took 30 hours to make, and the eighth quilt took 28 hours. What is the percentage learning?
a. 5%
b. 6.7%
c. 10%
d. 100%
e. 122%
b
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Which of the following is true?
i. The advanced economies account for more than half of global production. ii. Almost four out of every five people in the world live in the developing economies. iii. In the advanced economies, agriculture accounts for a larger part of total production than in the developing economies. A) Only i and ii B) i, ii, and iii C) Only i D) Only ii and iii E) Only i and iii
The most important macroeconomics controversy is if market economists are inhertely ________ or ______
Fill in the blank(s) with the appropriate word(s).
Which of the following is NOT included in M1?
A. transaction deposits B. currency C. traveler's checks D. saving deposits
The most important international trade organization is
A. the World Trade Organization. B. the World Bank. C. the International Monetary Fund. D. the European Union.