Government is inherently bad.
A. True
B. False
C. Uncertain
B. False
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When Jim adds $1,000 worth of farm equipment to his production process, he finds that his corn output increases from 200 to 350 bushels. If the price of corn is $2 per bushel, the marginal revenue product of capital is
a. $10 b. $150 c. $300 d. $350 e. $1,000
The amount of unemployment that an economy normally experiences is called the
a. average rate of unemployment. b. natural rate of unemployment. c. cyclical rate of unemployment. d. typical rate of unemployment.
Marginal revenue
A. measures the slope of the total revenue curve. B. is always greater than zero. C. is the change in total revenue when output increases by one unit. D. both a and c E. all of the above
Growth on a year-to-year basis is called long-term growth.
Answer the following statement true (T) or false (F)