Refer to the information provided in Table 8.1 below to answer the question(s) that follow.
Table 8.1 
Refer to Table 8.1. Assume the price of labor (L) is $5 per unit, the price of capital (K) is $10 per unit, and that firms attempt to minimize costs. The total variable cost of producing one unit of output is
A. $16.
B. $100.
C. $120.
D. $220.
Answer: B
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Given the production function Y = A , if an economy's capital per worker k is $27 thousand, and its total factor productivity A is 0.5, then output per worker is (approximately) ________
A) $13,500 B) $40,500 C) $3,000 D) $5,000 E) $1,500
Where was the Climate Summit held in December 2009?
a. Brussels b. New York c. Seattle d. Copenhagen
Nominal GDP divided by the money stock equals:
A. the value of transactions. B. the price level. C. velocity. D. real GDP.
Which of the following is a market imperfection that might explain persistent wage differentials within an occupation?
A. Movement of labor from lower-wage to higher-wage jobs. B. Readily available information about job opportunities and pay. C. Principal-agent problems. D. Discrimination.