Table 7-1
Workers Toys1 5212322430535?
?
?
In Table 7-1, the marginal physical product of labor from the addition of the second worker is
?
A. 12.
B. 7.
C. 17.
D. 5.
Answer: B
You might also like to view...
The big tradeoff between equality and efficiency exists because
A) redistribution uses resources and weakens incentives to work. B) redistribution uses resources and strengthens incentives to work. C) redistribution creates additional resources and weakens incentives to work. D) redistribution creates additional resources and strengthens incentives to work.
Which of the following statements about full employment is correct? I. Full employment means that the unemployment rate is less than 1/2 of 1 percent. II. Full employment means that the transaction costs associated with getting a job are zero
A) I only B) II only C) Both I and II D) Neither I nor II
The full employment level of GDP is sometimes referred to as "potential GDP."
a. True b. False Indicate whether the statement is true or false
Both signaling and screening:
A. are effective ways to increase information available to both parties. B. reduce efficiency in the market. C. benefit the sellers but harm the buyers. D. benefit the buyers but harm the sellers.