Which of the following is the best synonym for "marginal" in economics?

A. basic
B. scarce
C. additional
D. minor


Answer: C

Economics

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Approximately what percentage of total health care spending goes toward hospital care?

a. One-tenth. b. One-fifth. c. One-fourth. d. One-third. e. One-half.

Economics

When a minimum-wage law forces the wage to remain above the level that balances supply and demand, the quantity of labor supplied is higher and the quantity demanded of labor is lower than at the equilibrium wage

a. True b. False Indicate whether the statement is true or false

Economics

Rational expectations theory is also known as the Friedman fooling theory

Indicate whether the statement is true or false

Economics

You are a manager at Hancock Tires. If the marketing department estimate of the demand for its high-end tire is Q = 150-15P, what price should it charge to maximize its revenue?

A. $5 B. $15 C. $3.5 D. $6.14

Economics