Refer to the data provided in Table 10.2 below to answer the following question(s).
Table 10.2 
Refer to Table 10.2. Marginal revenue product of the ________ worker is $120.
A. second
B. third
C. fourth
D. fifth
Answer: D
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Economic systems can be classified based on
a. the ownership of resources only b. the ownership of resources, the types of crops grown, and the incentives used to motivate people c. the way resources are allocated to produce goods and services and the incentives used to motivate people only d. the ownership of resources, the way resources are allocated to produce goods and services, and the incentives used to motivate people e. the ownership of resources, the way resources are allocated to produce goods and services, and the average education of workers
M1 consists of currency, demand deposits, traveler’s checks, and other checkable deposits.
Answer the following statement true (T) or false (F)
The use of money and credit controls to achieve macroeconomic goals is
A. Monetary policy. B. Supply-side policy. C. Eclectic policy. D. Fiscal policy.
The table above shows sales of the firms in the chocolate industry. The four-firm concentration ratio in the industry is
A) 52 percent. B) 65 percent. C) 72 percent. D) 80 percent.