When Burger Barn hires one worker, 20 customers can be served in an hour. When Burger Barn hires two workers, 50 customers can be served in an hour. The marginal product of the second worker is ________ customers served per hour.
A. 15
B. 30
C. 40
D. 67.5
Answer: B
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When the budget deficit is the main cause of the trade deficit, governments should take steps to
a. reduce their budget deficits to prevent making their economy vulnerable to a rapid outflow of international financial capital that could bring a deep recession. b. increase their budget deficits to prevent making their economy vulnerable to a rapid outflow of international financial capital that could bring a deep recession. c. reduce their budget deficits to prevent making their economy vulnerable to a rapid inflow of international financial capital that could bring a deep recession. d. increase their budget deficits to prevent making their economy vulnerable to a rapid inflow of international financial capital that could bring a deep recession.
In the calculation of aggregate income, the value added at each stage of production by each firm equals the firm's:
a. selling price minus payments for inputs. b. total costs minus the profits and interest payments. c. total fixed costs and the firm's average rate of return. d. appreciation in market value of all firms over the last year.
The shortsightedness effect suggests that benefits, especially when the costs of the projects are difficult to identify and are observable only in the distant future.
What will be an ideal response?
Free trade is viewed as key to economic development because
A. it brings in expensive new technology. B. it encourages a faster spread of technology. C. it encourages a country's exports only. D. none of these is correct.