Gino's Pizza shop hires workers in a competitive market to make pizza. The ingredients required to make each pizza cost $5. Daily output at Gino's Pizza varies with the number of workers hired, as shown in the table: Number of workersPizzas/day00116236354470584696 The marginal product of the 3rd worker is ________ pizzas per day.
A. 18
B. 14
C. 12
D. 16
Answer: A
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All of the following are sources of funding for capital goods in developing countries EXCEPT
A) portfolio investment. B) taxation. C) foreign direct investment. D) loans from banks.
Consider the following information for a family. If the income for the family is $58,000, then an increase in income by $20,000 will result in an increase in consumption by:
a. $15,000 if the MPC is 0.9. b. $10,000 if the MPC is 0.5. c. $12,000 if the MPC is 0.7. d. $1,000 if the MPC is 0.2.
Refer to the given data. Suppose the Fed wants to increase the money supply by $1,000 billion to drive down interest rates and stimulate the economy. To accomplish this, it could lower the reserve requirement from 20 percent to:
Answer the question on the basis of the following consolidated balance sheet of the
commercial banking system. Assume that the reserve requirement is 20 percent. All figures
are in billions and each question should be answered independently of changes specified in all
preceding ones.
A. 10 percent.
B. 12 percent.
C. 14 percent.
D. 15 percent.
Which of the following items is included in the calculation of GDP?
a. Purchase of 100 shares of General Motors stock. b. Purchase of a used car. c. The value of a homemaker's services. d. Sale of Gulf War military surplus. e. None of these would be included.