How much did the median wage for college graduates increase over the last two decades?
a. 10%
b. 12%
c. 14%
d. 16%
b
Economics
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The federal government employs more civilians than state and local governments.
Answer the following statement true (T) or false (F)
Economics
Monetary payments a firm makes to pay for resources are called
A. explicit costs. B. implicit costs. C. opportunity costs. D. normal profit.
Economics
A profit-maximizing firm's daily total revenue is $155 with 3 workers, $200 with 4 workers, and $230 with 5 workers. The cost of each worker is $40 per day. The firm should
A. hire more than five workers. B. not hire a fourth worker. C. hire four workers. D. hire five workers.
Economics
A tax on a good that is imposed when it is imported is called
A) an import quota. B) a VER. C) a tariff. D) a sanction. E) a border tax.
Economics