An economy growing at a steady rate of 2.3 percent per year doubles in size approximately every __________ years
A) 50
B) 35
C) 30
D) 43
B
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Refer to Scenario 14.2. What is the marginal revenue product of the 4th worker?
A) 20 B) 25 C) 30 D) 32.5 E) 35
One disadvantage of the corporate form of business is
a. the ability to raise money is limited by the ability to issue stock b. the corporation is a separate legal being c. double taxation d. the corporation hires professional managers e. the corporation must pay dividends to shareholders
If goods X and Y are complements, the
a. quantities demanded of X and Y tend to move in opposite directions. b. quantities demanded of X and Y tend to move in the same direction. c. prices of X and Y tend to move in the same direction. d. supply curves for X and Y tend to move in the same direction.
Demand tends to be ________ in the short run than in the long run.
A. less important B. more elastic C. more variable D. less elastic