All of the following are major sources for financing public education EXCEPT
A. income taxes.
B. government fees.
C. property taxes.
D. sales taxes.
Answer: B
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If the units of variable input in a production process are 1, 2, 3, 4, and 5, and the corresponding total outputs are 30, 34, 37, 39, and 40, respectively. The marginal product of the fourth unit is:
a. 1. b. 37. c. 2. d. 39.
_______ is the dominant feldspar in basalt.
A) Plagioclase B) Microcline C) Orthoclase D) Pyroxene
Comparative advantage is the ability to
A) perform an activity at a lower opportunity cost. B) determine who your best trading partners are. C) determine the best use of capital goods. D) convince others of the best choices to make in their own self-interest.
If prices in the diamond market become less volatile, all else equal, then the demand for diamonds ________ and the demand for gold ________
A) increases; decreases B) increases; increases C) decreases; decreases D) decreases; increases