The total income of capital and labor must equal the value of total:
A. production.
B. revenue.
C. investment.
D. profits.
Answer: A
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Describe some of the key controversies regarding global cotton trade between high cost and low cost cotton producers
What will be an ideal response?
The production of cigarettes is highly automated; however, a worker is required to monitor each machine. Machines and workers do not interact with one another. Given this information, there are most likely
A) economies of scale. B) economies of scope. C) constant returns to scale. D) increasing returns to scale.
If income in Austria decreases by 30 million euros and consumption decreases by 24 euros, then the MPC equals
a. 0.90. b. 0.80. c. 0.60 d. ?0.60.
The presence of discouraged workers causes the measured unemployment rate to be:
What will be an ideal response?