The gross domestic product of a small country is $4,150,000 and the size of its employed labor force is 5,000. The income per worker of the country is ________
A) $620 B) $213 C) $830 D) $445
C
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Under conditions of perfect competition, an individual producer
a. always maximizes output. b. operates where MR equals MC. c. never suffers a loss. d. operates where MR is greater than MC.
Which of the following contributed to the dramatic rise in housing prices between 2002 and mid-year 2006?
a. government policy made credit for housing abundant and easily available b. the Fed's restrictive monetary policy, which led to high interest rates c. the tightening of loan standards by commercial lenders d. the large amounts of reserves and equity capital being held by financial institutions in order to back new mortgages
Between 2000 and 2013, the world added more than 100 billion tons of carbon to the atmosphere. Between 1998 and 2013, the earth's temperature
a. rose by approximately 3 degrees Fahrenheit. b. rose by approximately 2 degrees Fahrenheit. c. showed no significant change. d. fell by 1.4 degrees Fahrenheit.
Refer to the information provided in Table 20.2 below to answer the question(s) that follow.
Table 20.2
Refer to Table 20.2. If both countries specialize and trade with each other, Thailand will export ________ and China will import ________.
A. tractors; motorcycles B. motorcycles; motorcycles C. tractors; tractors D. motorcycles; tractors