The cost of a one-unit increase in an activity
A) is called the total one-unit cost.
B) is called the marginal cost.
C) decreases as more of the activity is done.
D) is called the marginal benefit/cost.
E) is called the unit cost.
B
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Which of the following is a positive question?
A) What are the returns to education? B) Can a monopoly ever be good for society? C) Is there value in putting yourself in someone else's shoes? D) Are companies like Nike exploiting workers in the developing world?
When they first appeared in the U.S., corporations did not have all the advantages that they have today. For example, early corporations:
a. had to be re-chartered upon the death of a shareholder. b. were taxed at a higher rate than sole proprietorships and partnerships. c. did not have the legal protection of limited liability. d. were not allowed to have more than 12 shareholders. e. All of the above.
Which of the following is a true statement?
a. GDP per capita does not account for the difference in the cost of living among nations. b. The LDC classification is of the questionable accuracy. c. All of the answers are correct. d. GDP per capita is affected by exchange rate changes. e. GDP per capita ignores the degree of income distribution.
If the CPI was 68 in 1965 and is 285 today, then $100 today purchases the same amount of goods and services as
a. $23.86 purchased in 1965. b. $32.47 purchased in 1965. c. $68.00 purchased in 1965. d. $419.12 purchased in 1965.