From the information in the above table, calculate the marginal factor cost of the third worker
A) $24.00
B) $36.00
C) $18.00
D) $12.00
C
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In reference to short-term economic fluctuations, the "peak" refers to:
A. a particularly strong and protracted expansion. B. the high point of economic activity prior to a recovery. C. a period in which the economy is growing at a rate significantly above normal. D. the high point of economic activity prior to a downturn.
What does the checkerboard model suggest the cause of segregation to be?
What will be an ideal response?
An increase in transfer payments would have the same short run effect on the government deficit as an equal
A) increase in government expenditures. B) reduction in taxes. C) increase in taxes. D) Both A and B.
Is it correct to say that if the total balance of payments does not equal zero, then the reserves account will automatically adjust to ensure it equals zero
a. Yes. b. No. c. The answer is "maybe" because it always depends on the circumstances.