Which of the following does NOT contribute to the marginal productivity of workers?
A. discrimination
B. experience
C. education
D. talent
Answer: A
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Finite resources
a. must be renewable b. must be nonrenewable c. can be renewable or nonrenewable d. are only nature-made resources e. can be expanded in a short period of time
The purpose of a production possibilities graph is to:
a) enable a country to mobilize to win a war b) keep an economy from having nonproductive workers c) show alternative ways to use an economy's resources d) make it possible to increase an economy's output
Dumping typically occurs as long as the foreign producer sells its output at a price
A) above its total costs. B) below its average total costs but above its average variable costs. C) below its average variable costs. D) above its average fixed costs but below its total variable costs.
The following data represent a personal income tax schedule. Answer the question on the basis of this information. Refer to the table below. The average tax rate at the $60,000 level of income is:
A. 10.0 percent
B. 11.6 percent
C. 15.0 percent
D. 20.8 percent